Intimation requirement for insolvency professionals: appointments must be recorded on the central portal and timelines imposed. IPs must add assignments on the Board's electronic Assignment Module for specified capacities-IRP, RP, liquidator (liquidation and voluntary), RP and Bankruptcy Trustee for Personal Guarantors, and Administrator for financial service providers-using a unique username/password; after approval the IP must complete subsequent compliances like public announcements, EOIs and auction notices. New appointments require filing within three days; ongoing cases without entries by 28 February 2025; closed cases by 31 March 2025 (personal guarantor closed cases by 30 April 2025). Issued under section 196 of the Code.
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.
Intimation requirement for insolvency professionals: appointments must be recorded on the central portal and timelines imposed.
IPs must add assignments on the Board's electronic Assignment Module for specified capacities-IRP, RP, liquidator (liquidation and voluntary), RP and Bankruptcy Trustee for Personal Guarantors, and Administrator for financial service providers-using a unique username/password; after approval the IP must complete subsequent compliances like public announcements, EOIs and auction notices. New appointments require filing within three days; ongoing cases without entries by 28 February 2025; closed cases by 31 March 2025 (personal guarantor closed cases by 30 April 2025). Issued under section 196 of the Code.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
