Avoid conflicts of interest, attain highest levels of performance: MCA tells insolvency professionals
The Ministry of Corporate Affairs (MCA) in India has urged insolvency professionals (IPs) to adhere to the highest standards of professionalism, comply with regulations under the Insolvency and Bankruptcy Code (IBC), and avoid conflicts of interest. This call for professionalism comes as creditors' recovery rate remains low, with only 29.5% of admitted claims recovered in the June quarter.
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