Derecognition of certain insolvency professional entities (“IPEs”) by the Insolvency and Bankruptcy Board of India (“IBBI”)

By INSOL INDIA EDITORIAL Posted On : February 20, 2019

The IBBI has, in accordance with regulation 14 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 (“Insolvency Professional Regulations”), derecognised certain IPEs, effective from October 01, 2018, as these IPEs failed to comply with the provisions of regulation 12 of the Insolvency Professional Regulations, which lays down the eligibility criteria for a company to be recognised as an IPE.   

 

The relevant order of the IBBI along with the full list of IPEs which have been derecognised pursuant to the said order can be accessed at the following link:

For more details please visit https://ibbi.gov.in//webadmin/pdf/whatsnew/2019/Jan/Final%20Derecognition%20Order-IPE%2017%20Jan%202019-sd-1_2019-01-17%2019:18:20.pdf