News & Media 12th Jun 2024

IBBI proposes reducing compliance burden, simplifying forms for RPs

Authors

Mukesh Chand Senior Counsel | Mumbai

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The Insolvency and Bankruptcy Board of India (IBBI) has proposed to simplify the forms submitted for the corporate insolvency resolution process (CIRP) by resolution professionals (RPs).

The changes, proposed in a discussion paper released earlier this week, follow the suggestion of the Financial Stability and Development Council (FSDC) to ease compliance burden.

Against this backdrop, Mukesh Chand, Senior Counsel has been quoted in an article, “IBBI proposes reducing compliance burden, simplifying forms for RPs” by Ruchika Chitravanshi published by Business Standard.

Read his insights here