Category: IBBI Orders

Once a disciplinary proceeding is initiated by the IBBI against RP on the recommendation of AA, the final order is required to be passed by the IBBI & the AA can’t quash the proceeding initiated by IBBI – Insolvency and Bankruptcy Board of India (IBBI) Vs. Shri Rishi Prakash Vats & Ors. – NCLAT

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Compliance with regulations 7 (2) (ca) & 13 (2) (ca) of the IBBI (Insolvency Professionals) Regulations, 2016

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Compliance with regulations 7 (2) (ca) and 13 (2) (ca) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 Ref. : IBBI CIRCULAR No. No. IBBI/IP/020/2019 dt. 12th April, 2019   Regulation 7 (2) (ca) of the…

Read More Compliance with regulations 7 (2) (ca) & 13 (2) (ca) of the IBBI (Insolvency Professionals) Regulations, 2016

An insolvency professional(IP) must maintain complete independence in his professional relationships and should conduct the insolvency resolution, liquidation or bankruptcy process, as the case may be, independent of external influences-Mr. Dinkar T. Venkatasubramani- IBBI

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IP must perform his defined role under the Code and must not usurp other’s role and must not allow others to usurp his role- Mr. Mukesh Mohan, Insolvency Professional- IBBI

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