Information Management

  • The Directors / Partners / Insolvency Professionals / Empanelled Professionals, will make efforts to ensure that all communication to the stakeholders, whether in the form of notices, reports, updates, directions, or clarifications, is made well in advance and in a manner which is simple, clear, and easily understood by the recipients.
  • The Directors / Partners / Insolvency Professionals / Empanelled Professionals, will ensure to maintain written contemporaneous records for any decision taken, the reasons for taking the decision, and the information and evidence in support of such decision. This shall be maintained so as to sufficiently enable a reasonable person to take a view on the appropriateness of their decisions and actions.
  • The Directors / Partners / Insolvency Professionals / Empanelled Professionals, will not make any private communication with any of the stakeholders unless required by the Insolvency and Bankruptcy Code, 2016, rules, regulations and guidelines thereunder, or orders of the Adjudicating Authority.
  • The Directors / Partners / Insolvency Professionals / Empanelled Professionals, will appear, co-operate and be available for inspections and investigations carried out by the Board, any person authorized by the Board or the insolvency professional agency with which he is enrolled.
  • The Directors / Partners / Insolvency Professionals / Empanelled Professionals, will provide all information and records as may be required by the Board or the insolvency professional agency with which he is enrolled.
  • The Directors / Partners / Insolvency Professionals / Empanelled Professionals, will be available and provide information for any periodic study, research and audit conducted by the Board.
 
     
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