The IBBI has determined that communications with resolution professionals are exempt from disclosure under RTI, ensuring confidentiality in insolvency proceedings.
IBBI Denies RTI Disclosure for Communications with Resolution Professionals
The Insolvency and Bankruptcy Board of India (IBBI) has disposed of a Right to Information (RTI) appeal, confirming that communications with resolution professionals are exempt from public disclosure under Sections 8(1)(h) and 8(1)(j) of the RTI Act. This decision prioritizes confidentiality in the insolvency proceedings.
The order emphasizes the need to protect sensitive information that may jeopardize insolvency resolution processes and the ongoing confidentiality of negotiations between stakeholders and resolution professionals. It seeks to uphold the integrity and effectiveness of the insolvency framework.
Legal practitioners involved in insolvency and bankruptcy matters should take note of this ruling, as it underscores the confidentiality surrounding communications with resolution professionals. This awareness will assist in navigating RTI requests and safeguarding sensitive information.
Citations
- IBBI Decision (2026) RTI Exemption