Delhi HC Declines Writ as CIRP Proceedings Were Centered Outside Delhi

Farooq Ali Khan Vs Insolvency And Bankruptcy Board of India & Anr. (Delhi High Court) The Delhi High Court dismissed a writ petition seeking a direction to the Insolvency and Bankruptcy Board of India (IBBI) and other authorities to dispose of show cause proceedings initiated against a Resolution Professional (RP) within a time-bound period. The petitioner, a suspended director of a company undergoing Corporate Insolvency Resolution Process (CIRP) before the National Company Law Tribunal (NCLT), Bengaluru, had filed a complaint against the RP alleging various irregularities in the discharg...