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of <h1>Resolution Professionals Must Share Section 99 Reports with Debtors and Creditors for Transparency, Says Insolvency Board of India.</h1> The Insolvency and Bankruptcy Board of India mandates that resolution professionals (RPs) share their reports, prepared under section 99 of the Insolvency and Bankruptcy Code, 2016, with both debtors and creditors. This requirement addresses the issue of unequal information access, as some RPs have previously failed to provide reports to both parties. Ensuring that both debtor and creditor receive the report promotes transparency and informed decision-making. This directive is issued under the authority granted by section 196 of the Code.
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