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An IP who is more than 70 yrs of age can't make an application for grant of 'Authorisation for Assignment'

January 21, 2021[2021] 123 79 (IBBI)

IBC : Regulation 7A of IP regulations requires every Insolvency Professional (IP) to have Authorisation For Assignment (AFA) before undertaking any assignment after 31-12-2019, however, an IP who is more than 70 years of age cannot make an application for grant of AFA

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