The Disciplinary Committee (DC) of the Insolvency and Bankruptcy Board of India (IBBI) imposed Rs. 2 lakh penalty on Insolvency Professionals (IP) for compromising the independence of the Insolvency Resolution Process (IRP). Mr Kanwal Goyal was appointed as interim resolution professional (IRP)/ resolution professional/liquidator. The IBBI appointed an Inspecting Authority (IA) to inspect Mr Kanwal…
