2024 (12) TMI 886 - SCH - IBC

Dismissal of SLP - Legality of the suspension of the petitioner's registration as a Resolution Professional (RP) - contravention of the provisions of Section 30 (2) (b) and (e), 208 (2) (a) and (e) of IBC - It was held by High Court that ' The Disciplinary Committee had failed to indicate the reasons for suspending the petitioner s registration for a period of one year. The material on the basis of which the Disciplinary Committee proceeded to suspend the petitioner being unquestionable, the period for which such suspension should operate is a matter within the realm of the Disciplinary Committee. The Disciplinary Committee in the light of the jurisdiction conferred upon it by Section 220 of the Code is empowered to take into consideration all relevant aspects including the conduct of RP.' HELD THAT - It is not required to interfere with the impugned judgment and, hence, the special leave petition is dismissed.