Clarification in relation to rendering professional service by an IP in implementation of the resolution plan approved by the Adjudicating Authority
Clarification: In order to facilitate smooth implementation of the resolution plan, it is hereby clarified that an IP may render professional service in relation to implementation of resolution plan approved by the AA, provided details of such service are mentioned in the resolution plan approved by the AA.
Clarification on compliance regarding billing / invoicing for services availed by IP from professionals
Clarification: It is hereby clarified that for the purposes of clause 25C of Code of Conduct specified in First Schedule to IP Regulations, the bill or invoice may be raised in the name of the IPE or the professional or the firm in which such professional is a partner.
Link – https://ibbi.gov.in//uploads/legalframwork/49a23d68b3069be4f084e622d89a3915.pdf
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