New Delhi : To ensure the integrity of a resolution process, IBBI has asked resolution professionals to submit detailed notes on bidders' compliance with the insolvency law's Section 29A that bars unscrupulous entities from participating in the process.The detailed notes have to be provided to the Committee of Creditors (CoC) when the resolution plans are considered.

The Insolvency and Bankruptcy Board of India (IBBI) has been working on ways to boost the ecosystem under the Insolvency and Bankruptcy Code (IBC) that provides for a market-linked and time-bound resolution of stressed assets. Read Also MP News: ED Attaches Advantage Overseas Private Limited Assets Worth ₹51 Crore In Dubai

"Due diligence with respect to section 29A compliance is paramount as it safeguards the integrity o

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