Valuation Conducted Beyond Prescribed Timelines is violative of Insolvency Bankruptcy Code: IBBI suspends Registration of IP [Read Order]

By Yogitha S. Yogesh - On August 4, 2023 11:41 am - 2 mins read
Valuation - Prescribed - violative - Insolvency -Bankruptcy- Code-IBBI - Registration - IP-TAXSCAN

The Insolvency and Bankruptcy Board of India (IBBI) has valuation conducted beyond prescribed timelines is violative of Insolvency Bankruptcy Code and suspended the registration of Insolvency Professional. Mr Sutanu Sinha is the Insolvency Professional (IP) under section 220 of the Insolvency and Bankruptcy Code, 2016 read with regulation 13 of the IBBI (Inspection and Investigation)…

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