IBBI suspends IP for Non-Submission of Supporting Documents with CoC meeting Notices and Failure to Verify Claims of Homebuyers [Read Order]

Non-Submission of Supporting Documents - IBBI - IP - Documents - Homebuyers - Notices - Claims of Homebuyers - Supporting Documents - taxscan

The Insolvency Board of India (IBBI) has suspended the Insolvency Professional (IP)  for 2 years for non-submission of supporting documents with the CoC meeting notices. Also, the IP has failed to verify the claims of the homebuyers. The application made by M/s Wadhwa Buildcon LLP (CD I) under section 7 of the Code for Corporate…

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