Webinar on the Recent Developments in Regulatory Framework with Respect to Insolvency Professionals Under the Code

The team at Ivy Law participated in a webinar on the “Recent Developments in Regulatory Framework with respect to Insolvency Professionals under the Code” organized by the Insolvency and Bankruptcy Board of India (“IBBI”). The key highlights of the webinar included the recent amendments to the Insolvency and Bankruptcy Code, 2016 (“IBC”) including promoting timely admission of new cases, fees of Insolvency Professionals (“IP”), balancing stakeholders’ rights in liquidation process, strengthening the role of Information Utilities, new complaints and grievance handling framework, among others. The recent development in the regulatory framework with respect to Corporate Insolvency Resolution Process (“CIRP”) was also a relevant matter of discussion. The main aim of the webinar was to focus on the emerging requirements and dynamics of the IBC for its effective implementation.