2016 (2) TMI 1246

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..... t the explanation by the RP for delay has been accepted by this Bench and we had expunged our observations. In view of the same we had also directed IBBI to treat the matter as closed. Their persistence in continuing with the disciplinary action, in the light of our accepting the reply of the RP and exonerating him, is inexplicable. All disciplinary proceedings initiated by the IBBI be quashed .....

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..... tinue to do so despite our communication that the explanation by the RP for delay has been accepted by this Bench and we had expunged our observations. In view of the same we had also directed IBBI to treat the matter as closed. Their persistence in continuing with the disciplinary action, in the light of our accepting the reply of the RP and exonerating him, is inexplicable. We accordingly direct .....

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