IP Submits Compliance Certificate Despite SRA being ‘related party’ and Ineligible under section 29A of IBC : IBBI Cancels Registration of IP

IP - Submits - Compliance - Certificate - Ineligible - IBC - ATXSCAN

The Insolvency Bankruptcy Board of India’s (IBBI) Disciplinary Committee (DC) revoked the registration of Mr. Ananda Rao Korada as an Insolvency Professional (IP) for multiple reasons, including the submission of a compliance certificate despite the fact that Regus Impex, the SRA, was a related party and ineligible under Section 29A of the Insolvency Bankruptcy Code…

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