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IBBI Penalizes IP for Not Filing Revised Creditor List with Adjudicating Authority

February 25, 2025 1125 Views 0 comment Print

IBBI’s Disciplinary Committee reviews allegations against Insolvency Professional Sandeep Goel for non-compliance in CIRP cases, issuing its final order.

IBBI suspends IP for six months due to regulatory violations in a liquidation case

February 24, 2025 1071 Views 0 comment Print

IBBI suspends Insolvency Professional Rita Gupta for six months due to regulatory violations in a liquidation case. Investigation ordered for RP Rakesh Takyar.

Public Authorities Not Obligated to Provide Opinions or Clarifications Under RTI Act

February 21, 2025 1599 Views 0 comment Print

RTI Act grants access to existing records only; public authorities need not provide opinions, clarifications, or policy recommendations, as emphasized by CIC and SC precedents.

Investigation Status Inquiries Are Beyond RTI Act Scope: IBBI

February 21, 2025 450 Views 0 comment Print

RTI Act permits access only to information held by a public authority and does not require the creation or interpretation of information. The authority found that inquiries regarding investigation status or actions taken by IBBI officials amounted to seeking opinions or advice, which falls outside the scope of the RTI Act.

 IBBI Suspends Valuer for Six Months for Violating valuation rules

February 21, 2025 885 Views 0 comment Print

IBBI suspends valuer Nitin Ashok Garg for six months due to valuation report discrepancies in East Coast Energy liquidation case.

IBBI suspends Valuer for six months due to valuation discrepancies

February 21, 2025 1143 Views 0 comment Print

IBBI suspends Sujit Shrikant Joglekar for six months due to valuation discrepancies in East Coast Energy liquidation.

Rajasthan GST Virtual Hearing Guidelines 2025

February 20, 2025 1329 Views 0 comment Print

Rajasthan mandates virtual hearings for GST cases. Learn about the process, requirements, and compliance under the new guidelines issued by the State Tax Department.

Centre revises Wheat Stock Limit until 31st March 2025

February 20, 2025 885 Views 0 comment Print

The government revises wheat stock limits for traders, retailers, and processors until March 31, 2025, to ensure price stability and prevent hoarding.

Section 10A Violation: Company & Directors Penalized for Late INC-20A Filing

February 20, 2025 1398 Views 0 comment Print

Emperium Constructions Pvt Ltd fined Rs. 50,000 for delayed INC-20A filing. Directors penalized Rs. 19,000 each under Section 10A of Companies Act, 2013.

Mismanagement in asset disposal & auction process: IBBI Suspends IP

February 19, 2025 780 Views 0 comment Print

IBBI suspends Vijay Kumar Garg for one year over irregularities in Lanco Vidarbha liquidation, citing mismanagement in asset disposal and auction process.

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