https://www.taxtmi.com/news?id=25688 The IBBI received 6,231 complaints and disposed of 6,172; the Ministry of Corporate Affairs does not participate in CIRP. Resolution plans are market-driven, assessed by the Committee of Creditors and approved by the Adjudicating Authority. Regulatory safeguards address ineligible resolution applicants: Resolution Professionals must conduct due diligence to detect ineligibility, CoC commercial vetting precedes AA approval, and liquidators are barred from selling assets to persons who would be ineligible as resolution applicants. Enforcement agencies have pursued isolated complaints against practitioners. en-us Tue, 09 Aug 2022 10:39:06 +0530 Tue, 09 Aug 2022 10:39:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25688 The IBBI received 6,231 complaints and disposed of 6,172; the Ministry of Corporate Affairs does not participate in CIRP. Resolution plans are market-driven, assessed by the Committee of Creditors and approved by the Adjudicating Authority. Regulatory safeguards address ineligible resolution applicants: Resolution Professionals must conduct due diligence to detect ineligibility, CoC commercial vetting precedes AA approval, and liquidators are barred from selling assets to persons who would be ineligible as resolution applicants. Enforcement agencies have pursued isolated complaints against practitioners. News - Tue, 09 Aug 2022 10:39:06 +0530 https://www.taxtmi.com/news?id=25688