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Corporate Laws Central Ministry of Corporate Affairs Insolvency and Bankruptcy Code, 2016

Sharing of the Report prepared by the Resolution Professional under section 99 of the Insolvency and Bankruptcy Code, 2016 to both debtor and creditor

12-Feb-2024 | Circular No. IBBI/II/66/2024

IBBI has issued a notification on Sharing of the Report prepared by the Resolution Professional under section 99 of the Insolvency and Bankruptcy Code, 2016 to both debtor and creditor.

By virtue of this notification Resolution professionals are advised to provide a copy of the report recommending for approval or rejection of the application submitted to Adjudicating Authority to both debtor and creditor also in all cases.

This will ensure that the debtor and the creditor are well-informed about the evaluation and recommendations made by the RP, thereby promoting transparency and informed decision-making

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