Search
Insolvency Professionals Troubled by Threats of Assault, Lawsuits
May 23, 2018
In what’s a major blow to the already deep-rooted problem of bad loans in India, insolvency professionals (IPs) appointed for the resolution of non-performing assets (NPAs) are receiving threats, both physical and legal.
Recently, prominent insolvency professional Devendra Jain was kidnapped in an attempt to throw a spanner in the works of insolvency proceedings. In view of such risks, he said that the “insurance should also cover professional charges of the insolvency professionals”.
In another case, a Delhi-based IP was beaten up by some individuals who lost money in a debt-ridden firm and mistook him for a management professional of the same firm.
As of today, nearly 2,000 cases are pending with the National Company Law Tribunal (NCLT).
Important Links:
- MBA from UK University: https://ask.careers/courses/mba-from-uk-university/
- Post Graduate Diploma in Banking & Finance: https://ask.careers/courses/post-graduate-diploma-in-banking-finance/
- Professional Diploma in Banking and Financial Services: https://ask.careers/courses/professional-diploma-in-banking-management/
- Mumbai: https://ask.careers/cities/mumbai/
- Lonavala: https://ask.careers/cities/lonavala/
- Ahmedabad: https://ask.careers/cities/ahmedabad/
- Vadodara: https://ask.careers/cities/vadodara/
- TSCFM: https://ask.careers/institutes/tscfm/
