Gujarat HC stays IBBI order of 2 years suspension

Keyur Jagdishbhai Shah Vs Insolvency And Bankruptcy Board of India (Gujarat High Court) Insolvency and Bankruptcy Board of India (IBBI) penalized Insolvency professional Keyur Shah by suspending the license for 2 years. IBBI order stated that though the RP had not taken due care in getting the land revenue records updated of the insolvent company during the insolvency process. The insolvent company had been converted from partnership firm. The Resolution professional had submitted that the resolution plan of the company was approved by financial creditors committee after taking cognizance of t...