IPE can be appointed as IP to carry out duties & functions under IBC: NCLT Mumbai

Piramal Capital & Housing Finance limited Vs Notion Real Estate Private Limited (NCLT Mumbai) In a significant ruling, the National Company Law Tribunal (NCLT) Mumbai has recently decided in favor of Piramal Capital & Housing Finance Limited over Notion Real Estate Private Limited. The case in question concerns the appointment of Insolvency Professional Entities (IPEs) as Resolution Professionals (RPs) in corporate insolvency proceedings. This judgment addresses a critical issue within the framework of the Insolvency and Bankruptcy Code (IBC), examining the eligibility of IPEs to act a...