Vatan Textiles’ appeal against penalties for delayed financial statement filing was rejected by the Regional Director, Mumbai, due to exceeding the filing deadline.
IBBI suspends valuer for six months for non-transparent valuation in CIRP and liquidation of Base Corporation Ltd., citing violations of Valuation Rules, 2017.
IBBI investigates liquidator for not filing claim, misleading valuation statement in Uniply Industries Ltd. case, disciplinary action considered.
IBBI issues disciplinary order against Subhash Chand Agrawal for alleged non-compliance during CIRP of two companies. Key findings and decisions detailed.
Details of Judicial and Technical Members assigned to NCLT benches across India as per the latest order issued by the Ministry of Corporate Affairs.
IBBI defers decision on Naren Sheth’s related party CoC inclusion, citing pending NCLAT and NCLT rulings. Details on the order and case.
IBBI’s Disciplinary Committee reviews allegations against Insolvency Professional Sandeep Goel for non-compliance in CIRP cases, issuing its final order.
IBBI suspends Insolvency Professional Rita Gupta for six months due to regulatory violations in a liquidation case. Investigation ordered for RP Rakesh Takyar.
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.
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.
