In the complex domain of insolvency proceedings, insolvency professionals (IPs) play a pivotal role, aiding in the resolution process between debtors and creditors. Yet, their duties are governed by rigorous regulations and compliance standards. Any divergence from these guidelines can result in significant repercussions, including penalties and disciplinary actions. Under the Insolvency and Bankruptcy Code (IBC), a two-tier regulatory framework oversees IPs, consisting of the Insolvency and Bankruptcy Board of India (IBBI) and the Insolvency Professional Agencies (IPAs), both regulated by the IBBI.

  • https://www.ancoraa.com/blog/regulatory-oversight-and-accountability-authorities-to-address-non-compliance-by-insolvency-professionals
  • In the complex domain of insolvency proceedings, insolvency professionals (IPs) play a pivotal role, aiding in the resolution process between debtors and creditors. Yet, their duties are governed by rigorous regulations and compliance standards. Any divergence from these guidelines can result in significant repercussions, including penalties and disciplinary actions. Under the Insolvency and Bankruptcy Code (IBC), a two-tier regulatory framework oversees IPs, consisting of the Insolvency and Bankruptcy Board of India (IBBI) and the Insolvency Professional Agencies (IPAs), both regulated by the IBBI.

  • India
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By ancoraa

Ancoraa Resolution is a financial services firm focussed on debt resolution and financial restructuring. Ancoraa Resolution helps suppliers file the insolvency applications and get their dues faster by leveraging its technology platform and speeding up the recovery process. With over 35 licensed Insolvency Professionals located across 14 cities in India, Ancoraa Resolution ensures that you are equipped to take speedy action in matters of insolvency, debt resolution and liquidation.

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