https://www.taxtmi.com/article/detailed?id=12246 Whether an insolvency professional qualifies as a public servant for anti-corruption law depends on whether statutory duties assume a public character. The Code frames the IP as a facilitator acting under the Committee of Creditors and the Adjudicating Authority, omits IPs from the Code provision designating public servants, and affords protection for acts done in good faith. Thus, duties bordering on public impact do not ipso facto render an IP a public servant for the Prevention of Corruption Act. en-us Wed, 24 Jan 2024 07:58:26 +0530 Wed, 24 Jan 2024 07:58:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12246 Whether an insolvency professional qualifies as a public servant for anti-corruption law depends on whether statutory duties assume a public character. The Code frames the IP as a facilitator acting under the Committee of Creditors and the Adjudicating Authority, omits IPs from the Code provision designating public servants, and affords protection for acts done in good faith. Thus, duties bordering on public impact do not ipso facto render an IP a public servant for the Prevention of Corruption Act. Articles Corporate Laws / IBC / SEBI Wed, 24 Jan 2024 07:58:26 +0530 https://www.taxtmi.com/article/detailed?id=12246