Non-Counting Votes of Two Major CoC Members i.e Union Bank of India and Bajaj Finserv: IBBI suspends IP [Read Order]

Non-Counting Votes - CoC - CoC Members - Union Bank of India - Bajaj Finserv - IBBI suspends IP - IBBI - Taxscan

The Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI) suspended an Insolvency Professional (IP), Poonam Basak, on the ground of non-counting votes of two major the Committee of Creditors (CoC) members i.e. Union Bank of India and Bajaj Finserv. The issue was where the two CoC members raised the issue that their…

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