Insolvency Professional Entity restrictions: IPEs may only support their partner professionals and must not seek empanelment. An Insolvency Professional Entity (IPE) may only provide support services to its partner or director insolvency professionals and cannot act as an insolvency professional or provide services to other persons. Because IPEs are neither enrolled members of an Insolvency Professional Agency nor registered with the Insolvency and Bankruptcy regulatory board, they are prohibited from seeking empanelment with or joining panels of market participants.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Insolvency Professional Entity restrictions: IPEs may only support their partner professionals and must not seek empanelment.
An Insolvency Professional Entity (IPE) may only provide support services to its partner or director insolvency professionals and cannot act as an insolvency professional or provide services to other persons. Because IPEs are neither enrolled members of an Insolvency Professional Agency nor registered with the Insolvency and Bankruptcy regulatory board, they are prohibited from seeking empanelment with or joining panels of market participants.
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