Official Liquidator must follow Ethical Principles and Fairness While Discharging Duties under IBC: Delhi HC [Read Order]

The Court held that there was no reason to interfere with the Board's conclusion that the Petitioner was guilty of misconduct regarding the appointment and fee structure of BRAL.
IBC - Insolvency and Bankruptcy Code - Discharging Duties - Duties Under IBC - Bankruptcy Code - taxscan

The Delhi High Court has held that official liquidators must follow ethical principles and fairness to discharge their duties under the Insolvency and Bankruptcy Code ( IBC ), 2016. Sundaresh Bhat , the Petitioner challenged an order issued by the Disciplinary Committee of the Insolvency and Bankruptcy Board of India ( IBBI ) which suspended…

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