Empanelment of Insolvency Professional Entities

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.... All Registered Insolvency Professional Agencies (By mail to registered email addresses and on the website of the IBBI) Dear Madam / Sir, Sub: Empanelment of Insolvency Professional Entities. An Insolvency Professional Entity (IPE) is recognised in accordance with regulation 12 (1) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, only if "....

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....r registered as an IP with the IBBI. It cannot act as IP under the Code. 3. It has been observed that a few market participants are seeking empanelment of IPEs and a few IPEs are seeking empanelment with market participants. Given the role of an IPE, the IPEs are directed to refrain from seeking empanelment with or joining any panel of any market participant. 4. This circular is issued in ex....