https://www.taxtmi.com/news?id=27591 The PGIP inauguration emphasises professionalising insolvency practice to operationalise the Insolvency and Bankruptcy Code through a unified, time bound corporate resolution framework prioritising resolution over liquidation; it identifies challenges of timely resolution, infrastructure, and recovery, and stresses that insolvency professionals require negotiation, management, claims collection, creditor voting regulation, and ethical skills, with IICA-IBBI collaboration aimed at producing skilled practitioners to preserve asset value and strengthen credit culture. en-us Wed, 10 Jul 2024 10:15:11 +0530 Wed, 10 Jul 2024 10:15:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27591 The PGIP inauguration emphasises professionalising insolvency practice to operationalise the Insolvency and Bankruptcy Code through a unified, time bound corporate resolution framework prioritising resolution over liquidation; it identifies challenges of timely resolution, infrastructure, and recovery, and stresses that insolvency professionals require negotiation, management, claims collection, creditor voting regulation, and ethical skills, with IICA-IBBI collaboration aimed at producing skilled practitioners to preserve asset value and strengthen credit culture. News - Wed, 10 Jul 2024 10:15:11 +0530 https://www.taxtmi.com/news?id=27591