January 05, 2021
Summary of the circular issued by IBBI on 04/01/2021
Manner and period of retention of records relating to Corporate Insolvency Resolution Process (CIRP) under IBC, 2016 and its regulations
Through this circular, IBBI requires an Insolvency Professional (IP) to preserve copies of records, relating to that period of a CIRP which he has handled, in a secured manner, for such period of time and in the manner as indicated in the circular from the date of completion of the CIRP or the conclusion of any proceeding relating to CIRP, before the Adjudicating Authority (AA), Appellate Authority or Court, or any matter pending with the Board, whichever is later.
This circular is available for reference on our free to use website www.ca2013.com for your quick reference.