Corporate insolvency process - misconduct by Resolution ...

Resolution Professional Misconduct Undermines Insolvency Process, Breaches Duties Under Insolvency and Bankruptcy Code.

November 19, 2018

Case Laws Insolvency and Bankruptcy Board

Corporate insolvency process - misconduct by Resolution Professional(RP) - By not allowing and facilitating the CoC to play its rightful role, Mr. Gupta has dealt a fatal blow to the basic premise of the Code. He also failed to protect the interests of the corporate debtor and creditors and stepped into the shoes of the CoC.

View Source

← Previous Next →

Corporate insolvency process - misconduct by Resolution ...

Resolution Professional Misconduct Undermines Insolvency Process, Breaches Duties Under Insolvency and Bankruptcy Code.

November 19, 2018

Case Laws Insolvency and Bankruptcy Board

You may also like:

Wilful misconduct - Scope of judicial review limited - Seeking removal of Resolution Professional, providing documents for objections to Resolution plan, disqualifying...

Filing of forms in the Registry (MCA-21) by the Insolvency Professional (Interim Resolution Professional (IRP) or Resolution Professional (RP) or Liquidator) appointed...

Filing of forms in the Registry (MCA-21) by the Insolvency Professional (Interim Resolution Professional (IRP) or Resolution Professional (RP) or Liquidator) appointed...

Seeking direction to RP to disclose item wise insolvency resolution process costs - The Appellant asked Resolution Professional to disclose item wise insolvency...

The NCLAT held that there was a breach of fiduciary duties and conflict of interest by the Interim Resolution Professional (IRP) in the appointment of consultants during...

Resolution professional doesn’t require nod of shareholders/members for insolvency resolution

This notification amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. It substitutes certain...

Corporate Insolvency Resolution Process - The presence of an arbitration clause in the share purchase agreement would not cause any impediment with regard to initiation...

Inability on the part of Liquidator to take up the assignment - corporate insolvency resolution process (CIRP) - Interim Resolution Professional (IRP) - Penalty equal to...

Misconduct insolvency professional - misleading the stakeholders of the insolvency and bankruptcy - Disciplinary Committee has taken the action against the professional.

External Commercial Borrowings (ECB) Policy – ECB facility for Resolution Applicants under Corporate Insolvency Resolution Process

SC held that High Court's exercise of writ jurisdiction under Article 226 to halt personal insolvency proceedings was premature and unjustified. Following Jiwrajka...

The case pertains to the extinguishment of claims under the Insolvency and Bankruptcy Code (IBC) against Ruchi Soya Industries Limited, after the acceptance of the...

Improper handling of Resolution Plan - Respondent No.1 alleges that the Resolution Professional (RP) violated the process by opening a sealed cover containing the plan...

Corporate Insolvency Resolution Process (CIRP) - Settlement proposal initially rejected by Committee of Creditors (CoC), revised proposal submitted and pending...

Quick Updates: