Poging GOUD - Vrij
Past staff, service providers now under IBC ambit
Financial Express Kolkata
|September 01, 2025
FORMER EMPLOYEES AND service providers of a company undergoing insolvency will now be obligated to share information with resolution professionals (RPs), following amendments to the Insolvency and Bankruptcy Code (IBC) approved by Parliament.
Until now, RPs could seek information only from the existing "personnel" during the corporate insolvency resolution process (CIRP). But their nature of work involves getting details on past transactions or financial statements of a company; they often would not get assistance from past employees or service providers like auditors and legal advisors (of the company) that resulted in significant delays.
Dit verhaal komt uit de September 01, 2025-editie van Financial Express Kolkata.
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