Non-Cooperation of IRP in Conducting Investigation: IBBI imposes 2 Lakh Fine [Read Order]

The IBBI imposed a penalty on the Insolvency Resolution Professional for non-cooperation in conducting investigation
Non-Cooperation - IRP in Conducting Investigation -IBBI - 2 Lakh Fine - taxscan

The Insolvency and Bankruptcy Board of India ( IBBI ) imposed a penalty of two lakh on the Insolvency Resolution Professional for Non-Cooperation in Conducting Investigation. It was found that the RP inadvertently failed to provide the minutes of the 2nd CoC meeting. The show cause notice was issued in an allegation against the Insolvency…

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