IBBI not empowered to issue general circular recommending ban of Resolution Professional

Manish Jaju Erstwhile Resolution Professional of Rajesh Landmark Projects Private Limited Vs Committee of Creditors of Rajesh Landmark Projects Private Limited (NCLAT Delhi) NCLAT Delhi held that Insolvency and Bankruptcy Board of India [IBBI] not empowered to issue a general circular referring power conferred under section 34(4)(b) recommending that IP other than IRP/RP may be appointed as liquidator. Facts- This appeal has been filed by erstwhile resolution professional of the corporate debtor challenging the order dated 01.08.2025 passed by the adjudicating authority (National Company Law T...