IP Misconduct: IBBI reprimands IP for Delay in execution of CIRP Proceedings

IP Misconduct - Misconduct - IBBI reprimands IP - IBBI - IBBI reprimands IP for Delay - CIRP Proceedings - taxscan

The Insolvency and Bankruptcy Board of India’s (IBBI) Disciplinary Committee has issued a warning to an Insolvency Professional (IP), for alleged inordinate delay of the corporate insolvency resolution process (CIRP) of M/s Sabari Realtors Private Limited. The order was issued under Section 220 of the Insolvency and Bankruptcy Code, 2016, and relevant regulations. The National…

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