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        Corp. Laws, SEBI & IBC

        No Association with ‘IBBI Insolvency Practitioners LLP’

        January 30, 2018

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        It has come to the notice of the Insolvency and Bankruptcy Board of India (IBBI) that there is a Limited Liability Partnership (LLP) by the name “IBBI Insolvency Practitioners LLP”.

        It is clarified that:

        a.  IBBI has Not authorised any person to use it’s name in any form, whether abbreviated or otherwise;

        b. “IBBI Insolvency Practitioners LLP” is Not registered as an Insolvency Professional Entity with IBBI; and

        c.   IBBI has No association whatsoever with “IBBI Insolvency Practitioners LLP”.

        The stakeholders are advised to consider the above clarification while dealing with “IBBI Insolvency Practitioners LLP”.

         This is issued in public interest.

        Unauthorised use of regulator name warns stakeholders to treat the LLP as unassociated and unregistered. The authority states it has not authorised use of its name; the LLP named 'IBBI Insolvency Practitioners LLP' is not registered as an Insolvency Professional Entity and has no association with the authority. Stakeholders are advised to consider this clarification when dealing with that LLP as a public advisory.
                          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.

                                Unauthorised use of regulator name warns stakeholders to treat the LLP as unassociated and unregistered.

                                The authority states it has not authorised use of its name; the LLP named "IBBI Insolvency Practitioners LLP" is not registered as an Insolvency Professional Entity and has no association with the authority. Stakeholders are advised to consider this clarification when dealing with that LLP as a public advisory.


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