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Suspension of Resolution Professional reduced as conclusions based on erroneous figures
Case Law Details
- Case Name
- Sandeep Kumar Bhatt Vs Insolvency & Bankruptcy Board Of India & Ors (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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Sandeep Kumar Bhatt Vs Insolvency & Bankruptcy Board Of India & Ors (Delhi High Court)
Delhi High Court held that suspension of resolution professional for two years from taking any assignment as IRP is reduced since conclusions were based on erroneous figures. Accordingly, writ disposed of.
Facts- The appellant got registered with the respondent no.1/Insolvency and Bankruptcy Board of India as the Insolvency Professional on 02.06.2017. On 03.08.2017, the National Company Law Tribunal admitted an application u/s. 9 of the Insolvency & Bankruptcy Code, 2016 filed by...
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