HC stays penalty imposed on IRP for alleged negligence

Sunil kumar Agarwal S/O. Kishan Lal Agarwal Vs IBBI (Gujarat High Court) 1 Heard Mr.Percy Kavina, learned Senior Counsel with Mr.Vishal Dave, learned advocate with Mr.Nipun Singhvi, learned counsel for the petitioner. 2 Challenge in this petition is to the order dated 21.11.2022 passed by the Insolvency & Bankruptcy Board of India (Disciplinary Committee). The petitioner, in his capacity as an Interim Resolution Professional (IRP), in the process of corporate insolvency resolution on Brain Master’s Classes Private Limited and Eagle Corporation Private Limited was issued certain show caus...