Dr. Vidya Sagar Garg filed a writ petition challenging the Insolvency and Bankruptcy Board of India's (IBBI) order dated 2017-10-12, which rejected his application for registration as an Insolvency Professional (IP). The rejection was based on the premise that he was not a 'fit and proper person' due to a pending FIR (No. RC/219/2012, dated 2012-07-03) and subsequent chargesheet filed on 2014-02-17. An application for discharge was filed before the concerned Trial Court on 2016-01-13. The petitioner argued he had no role in the alleged infraction. The respondent's counsel acknowledged that the matter's perspective would change if the discharge application was allowed. The court considered the pending discharge application before the Trial Court.

Dr. Vidya Sagar Garg filed a writ petition challenging the Insolvency and Bankruptcy Board of India's (IBBI) order dated 2017-10-12, which rejected his application for registration as an Insolvency Professional (IP). The rejection was based on the premise that he was not a 'fit and proper person' due to a pending FIR (No. RC/219/2012, dated 2012-07-03) and subsequent chargesheet filed on 2014-02-17. An application for discharge was filed before the concerned Trial Court on 2016-01-13. The petitioner argued he had no role in the alleged infraction. The respondent's counsel acknowledged that the matter's perspective would change if the discharge application was allowed. The court considered the pending discharge application before the Trial Court.