The Insolvency and Bankruptcy Board of India (IBBI) and the SEBI have mutually agreed upon to use a Panel of Insolvency Professionals for appointment as Administrators for effective implementation of the SEBI (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018. In this regard, the IBI has issued guidelines for appointment of Insolvency Professionals as Administrators.
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