Discrepancies and Representation Issue in Liquidation Value: IBBI Warns IP [Read Notification]
The Disciplinary Committee (DC) of the Insolvency and Bankruptcy Board of India(IBBI) held that if factual discrepancies were affecting the...
Delay by RP to act as per directions given by Committee of Creditors for obtaining records of CD: IBBI suspends Registration of RP [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) suspended the registration of a Resolution Professional (RP), on the ground of delay on the side of Resolution Professional to act as per...
Resolution Applicant must fulfil Obligation under Resolution Plan while Lender Discharges their Obligations: NCLAT dismisses appeal of SBI
The Principal Bench of the National Company Law Appellate Tribunal(NCLAT) has held that the resolution applicant must fulfil an obligation under the resolution plan while the lender discharges their...
Professional Misconduct: DC directs IBBI to Conduct Inspection and Submit Report wrt Excess Fee Charged by ICAI Liquidator [Read Order]
The Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI) has recently directed the Board to conduct inspection and submit a report with respect to the allegation of excess...
IP suppressed Fact, Already Entered in MoU with the CoC: IBBI Suspends Registration of IP for 6 Months [Read Order]
The Disciplinary Committee (DC) of the Insolvency and Bankruptcy Board of India (IBBI) suspended the registration of the Insolvency Professionals (IP) for Six Months as he suppressed the fact already...
IBBI reprimands RV for Illogical Assumptions w.r.t. Discounting Factors in Valuation Report [Read Order]
The Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI) has recently reprimanded a Registered Valuer (RV) for the illogical assumptions drawn with regard to discounting...
