The Insolvency and Bankruptcy Board of India, (IBBI) on February 01, 2024, issued Measures for facilitating efficient conduct of the processes by the Insolvency Professionals.
The following has been stated-
•Clarification about rendering professional service by an IP in the implementation of the resolution plan approved by the Adjudicating Authority.
•Clarification on compliance regarding billing/invoicing for services availed by IP from professionals
[Notification No. IBBI/IP/65/2024]