MCA appoints Justice Suresh Kumar Gupta as Chairperson to Appellate Authority for CAs, CSs, and Cost Accountants [Read Notification]
The Ministry of Corporate Affairs ( MCA ) has notified the appointment of Chairperson and Members to Appellate Authority for CAs, CSs, and Cost...
Failure to Verify Claim of Financial Creditor: IBBI imposes penalty of One Lakh on Insolvency Professional [Read Order]
The Insolvency and Bankruptcy Board of India(IBBI) imposed a penalty of One Lakh on an Insolvency Professional for failure to verify the claim of a Financial Creditor. Mr. Dhaval Jitendrakumar...
IBBI suspends Insolvency Professionals for 2 years as on Failure to Discharge Duty under Insolvency Bankruptcy Code
The Insolvency and Bankruptcy Board of India(IBBI) suspended the Insolvency Professionals for 2 years due to Failure to Discharge Duty under the Insolvency and Bankruptcy Board of India ...
Plea Challenging Constitutional Validity of Provisions on Resolution Professional: Bombay HC issues Notice to Attorney General of India [Read Order]
A Division Bench of the Bombay High Court issued notice to the Attorney General of India, R. Venkataramani, in a plea challenging the constitutional validity of provision on Resolution...
Insolvency and Bankruptcy Board of India notifies IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2023 [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) vide notification No. IBBI/2023-24/GN/REG105 issued on 19th September 2023 has notified the Insolvency and Bankruptcy Board of India (Model...
ICAI Finds CA not Guilty of Professional Misconduct on alleged Certification of Form INC-22A to Non-Existent Company
The Institute of Chartered Accountants (ICAI) has determined that the Chartered Accountant (CA) accused of providing Form INC-22A to a non-existent company is not guilty of professional misconduct. ...
Valuation Conducted Beyond Prescribed Timelines is violative of Insolvency Bankruptcy Code: IBBI suspends Registration of IP [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) has valuation conducted beyond prescribed timelines is violative of Insolvency Bankruptcy Code and suspended the registration of Insolvency...
