Section 200 of IBC : Section 200: Principles Governing Registration Of Insolvency Professional Agency
IBC
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Explanation using Example
Imagine a scenario where a new organization, "Efficient Resolution Professionals Pvt. Ltd." (ERP), wants to become an insolvency professional agency to provide insolvency resolution services. ERP applies for registration with the Insolvency and Bankruptcy Board of India (IBBI). The Board, in considering ERP's application, will evaluate it against the principles outlined in Section 200 of the Insolvency and Bankruptcy Code, 2016:
- (a) The Board will assess whether ERP has the capability to promote professional development and regulate its ...
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