Non-Counting Votes of Two Major CoC Members i.e Union Bank of India and Bajaj Finserv: IBBI suspends IP [Read Order]
The Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI) suspended an Insolvency Professional (IP), Poonam Basak, on the...
![Treating all Resolutions as Approved, in Absence of Confirmation by Member of CoC is Against Spirit of IBC: IBBI Suspends Registration of IP [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Treating-Resolutions-A-pproved-CoC-IBC-IBBI-Registration-IP-TAXSCAN.jpg "Treating all Resolutions as Approved, in Absence of Confirmation by Member of CoC is Against Spirit of IBC: IBBI Suspends Registration of IP [Read Order]")
IBBI suspends IP for Non-Submission of Supporting Documents with CoC meeting Notices and Failure to Verify Claims of Homebuyers [Read Order]
The Insolvency Board of India (IBBI) has suspended the Insolvency Professional (IP) for 2 years for non-submission of supporting documents with the CoC meeting notices. Also, the IP has failed...
Extension application after 5 months of Expiry of Liquidation Period without Condoning Delay is Gross Negligence: IBBI suspends IP for 1 year
The Insolvency and Bankruptcy Board of India (IBBI) has suspended the Insolvency Professional (IP) for 1 year for filing the application for extension after 5 months of the expiry of the liquidation...
Non-availability of Funds is not a valid reason for Non-opening of Liquidation Bank Account: IBBI warns Insolvency Professional [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) has held that the non-availability of funds is not a valid reason for the non-opening of the liquidation bank account and warned the Insolvency...
IBBI Imposes Penalty on IP for his Negligence to Take Ordinary Due Care and Caution in Selling Asset Corporate Debtor [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) imposed a penalty on Insolvency Professional for his negligence of ordinary due care and caution in selling assets corporate debtor Mr Sai...
