Clarification regarding submission of particulars and declaration by the insolvency professionals in the application filed by creditor(s) in Part IV of Form C of the IRP PGCD Rules.

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.... IBBI/II/62/2023 21st December, 2023 To All Registered Insolvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on the website of the IBBI) Dear Madam/Sir, Sub: Clarification regarding submission of particulars and declaration by the insolvency professionals in the app....

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....e Adjudicating Authority (AA) after confirming that there is no pendency in respect of disciplinary proceedings against the RP from the database shared by the Insolvency and Bankruptcy Board of India, appoints the proposed RP by an Order under sub-section (5) of section 97 of the Code. 3. In certain cases, the creditor may file the application itself recommending the name of the insolvency prof....