The case involves a petition filed by Duff & Phelps India Private Limited in the High Court of Delhi. The petitioner is contesting observations made in an impugned order related to their appointment as resolution professionals (RPs). The petitioner argues that non-IPE firms are involved in major IBC cases, they are a regulated entity under SEBI, and the Committee of Creditors (COC) approved their appointment. The Insolvency and Bankruptcy Board of India (IBBI) is a respondent in the case.
Duff & Phelps India Private Limited filed a petition in the High Court of Delhi challenging an impugned order related to their appointment as resolution professionals (RPs). The petitioner argues that non-IPE firms are involved in major IBC cases, they are a regulated entity under SEBI, and the Committee of Creditors (COC) approved their appointment. The petitioner relies on a Supreme Court judgment (K. Sashidhar vs. Indian Overseas Bank) emphasizing the commercial wisdom of the COC. The Insolvency and Bankruptcy Board of India (IBBI), as a respondent, contends that the petitioner's appointment may be invalid under Section 206 of the IBC and cites a judgment supporting the engagement of professionals/IPE by RPs. The COC had approved the appointment of the
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The COC in its meeting on 01.11.2018 in the…
The case involves a petition filed by Duff & Phelps India Private Limited in the High Court of Delhi. The petitioner is contesting observations made in an impugned order related to their appointment as resolution professionals (RPs). The petitioner argues that non-IPE firms are involved in major IBC cases, they are a regulated entity under SEBI, and the Committee of Creditors (COC) approved their appointment. The Insolvency and Bankruptcy Board of India (IBBI) is a respondent in the case.
Duff & Phelps India Private Limited filed a petition in the High Court of Delhi challenging an impugned order related to their appointment as resolution professionals (RPs). The petitioner argues that non-IPE firms are involved in major IBC cases, they are a regulated entity under SEBI, and the Committee of Creditors (COC) approved their appointment. The petitioner relies on a Supreme Court judgment (K. Sashidhar vs. Indian Overseas Bank) emphasizing the commercial wisdom of the COC. The Insolvency and Bankruptcy Board of India (IBBI), as a respondent, contends that the petitioner's appointment may be invalid under Section 206 of the IBC and cites a judgment supporting the engagement of professionals/IPE by RPs. The COC had approved the appointment of the
…Reference to an…
The COC in its meeting on 01.11.2018 in the…