Insolvency Practitioner Role, Responsibilities, and Career Opportunities in India
An Insolvency Practitioner is a specialized professional tasked with managing the resolution process for financially distressed companies or individuals. Their role is critical in ensuring that insolvency cases are handled efficiently, fairly, and in accordance with legal frameworks. With the Insolvency and Bankruptcy Code (IBC) revolutionizing the way insolvency is addressed in India, the demand for skilled practitioners has surged across corporate, financial, and legal sectors. For businesses, investors, and stakeholders, these professionals act as the cornerstone of financial restructuring and debt recovery processes. Role of an Insolvency Practitioner The primary responsibility of an Insolvency Practitioner is to administer the insolvency process for companies, partnerships, and individuals facing financial distress. They act as the official mediator between creditors and debtors, aiming to maximize value and recoveries while maintaining transparency and compliance with the la...