Representation of correct facts and correcting misapprehensions.

  • The Directors / Partners / Insolvency Professionals / Empanelled Professionals, will inform such persons under the Insolvency and Bankruptcy Code, 2016 as may be required, of a misapprehension or wrongful consideration of a fact of which they becomes aware, as soon as may be practicable.
  • The Directors / Partners / Insolvency Professionals / Empanelled Professionals, will not conceal any material information or knowingly make a misleading statement to the Board, the Adjudicating Authority or any stakeholder, as applicable.
 
     
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