IBBI specifies the mode for Expression of Interest to be in the Panel under Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendation) (Second) Guidelines, 2018

Dec 10, 2018 | by Avantis RegTech Legal Research Team

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The Insolvency and Bankruptcy Board of India (IBBI) on December 07, 2018 has specifies the mode for Expression of Interest to be in the Panel under Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendation) (Second) Guidelines, 2018.

 

IBBI has released ‘Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendation) (Second) Guidelines, 2018’ on November 30, 2018 regarding the IBBI prepare a Panel of Insolvency Professionals (IPs) for appointment as Interim Resolution Professional (IRP) and Liquidator and share the said Panel with Adjudicating Authority (AA).

 

Accordingly, an e-mail has been sent to ID registered with the IBBI, seeking expression of interest (EOI) for appointment as an Interim Resolution Professional and Liquidator during the period January to June 2019 (6 months) as per guidelines.

 

In this connection, it is advised by the IBBI that EOI to act as IRP and Liquidator be submitted through online mode only by accessing https://www.ibbi.gov.in/irp/ which shall be available till December 15, 2018.

 

EOI submitted, if any, through any other mode (viz. e-mails/fax/physical mode/others etc) / Unsigned EOIs, being not consistent with the guidelines stands/shall stand rejected.

 

Tampering with the format / uploading of tampered document / furnishing wrong information etc. shall tantamount to rejection of your EOI and may also attract suitable disciplinary action.

 

The communication may not be construed as an offer for appointment.

 

Kindly note that the link for submitting expression of interest to act as IRP and liquidator shall only be available till December 15, 2018.

URL: https://ibbi.gov.in/webadmin/pdf/whatsnew/2018/Dec/Whats%20New%20-%20IBBI%20Communication%20to%20IP-Empanelment[Jan-June%202019]_2018-12-07%2017:20:24.pdf


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