New Delhi, Oct. 3 -- The Indian government is considering making it mandatory for resolution professionals (RPs) to use Artificial Intelligence (AI) agents in insolvency proceedings to enhance efficiency, transparency, and accuracy.

According to a report by the Insolvency and Bankruptcy Board of India (IBBI), AI adoption can help address challenges such as delayed case resolutions, fraudulent practices, and the massive volume of financial data that professionals need to analyse.

The board stated that AI tools could streamline compliance, automate documentation, detect anomalies, and strengthen stakeholder communication.

Currently, insolvency professionals use AI applications like ChatGPT mainly for summarising legal judgments and suppo...