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![Act of Forfeiting EMD of Rs. 2 Crore Deposited by Kineta Global Limited is beyond Terms of Process Documents: IBBI suspends Registration of IP for Period of 1 Year [Read Order] Act of Forfeiting EMD of Rs. 2 Crore Deposited by Kineta Global Limited is beyond Terms of Process Documents: IBBI suspends Registration of IP for Period of 1 Year [Read Order]](https://images.taxscan.in/h-upload/2025/09/16/500x300_2087853-ibbi-emd-act-of-forfeiting-emd-kineta-global-limited-taxscan.webp)
Act of Forfeiting EMD of Rs. 2 Crore Deposited by Kineta Global Limited is beyond Terms of Process Documents: IBBI suspends Registration of IP for Period of 1 Year [Read Order]
The Insolvency and Bankruptcy Board of India (Disciplinary Committee) has held that the act of forfeiting Earnest Money Deposit (EMD) of Rs. 2 crore ...