Licence of 207 insolvency professionals nixed as they flunk ‘fit and proper’ norm
An insolvency professional, Aldak said, is not merely an administrator of a process since the IP exercises a significant influence over the assets of a company, and in many cases, over the interests of the creditors, and other stakeholders. “The regulator, therefore, has a little room for tolerance where questions arise about IP’s integrity, competence and ability to discharge that responsibility,” he added.
