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ARTICLE · 17 JULY 2017

Insolvency Process – A Collaborative Power Play?

Dhir & Dhir Associates
Dhir & Dhir Associates
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Dhir & Dhir Associates

Dhir & Dhir Associates

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While India Inc. has been bestowed with one of the much required and appreciated rules via the IBC 2016 code, there have been several questions that the industry has come up with.

IndiaInsolvency/Bankruptcy/Re-Structuring
Dhir & Dhir Associates
Dhir & Dhir Associates
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While India Inc. has been bestowed with one of the much required and appreciated rules via the IBC 2016 code, there have been several questions that the industry has come up with. Amidst many others lies a very crucial element of how IPs and IPEs seem to collaborate to deliver best in class advisory to their clients at large. The article brings into focus all the permutation behind this collaborative approach.

The Insolvency Process involves several critical mandates and responsibilities that could require a larger bandwidth of expertise and execution support in order to successfully meet the objectives therein. This is essentially why certain IP regulations (Regulation 12) clarified that IPs could certainly collaborate with certified Insolvency Professional Entities (IPEs) in order the deliver the best possible set of expertise advise and services in a particular matter. Until now the IBBI has certified about 15 of such IPEs via Certificates of Recognition.

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