The petitioner, an Insolvency Professional, filed two writ petitions challenging the constitutional validity of Chapter III and Section 204 of the Insolvency and Bankruptcy Code, 2016, and Regulation 23A of the IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016. The petitioner also sought compensation for financial loss and mental agony.
The petitioner, a practicing Chartered Accountant for 30 years and an Insolvency Professional since 2018, challenged the constitutional validity of Chapter III and Section 204 of the Insolvency and Bankruptcy Code, 2016 (IBC). He also challenged Regulation 23A of the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016. The petitioner sought a declaration that these provisions were ultra vires the Constitution, manifestly arbitrary, and substantively unreasonable. The petitioner's application for Authorisation for Assignment (AFA) was rejected by the Indian Institute of Insolvency Professionals of ICAI (IIIPI) on January 14, 2020, and again on August 25, 2020. He had previously challenged
…Sign in to view the parties.
The petitioner made an…
The petitioner's…
The petitioner, an Insolvency Professional, filed two writ petitions challenging the constitutional validity of Chapter III and Section 204 of the Insolvency and Bankruptcy Code, 2016, and Regulation 23A of the IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016. The petitioner also sought compensation for financial loss and mental agony.
The petitioner, a practicing Chartered Accountant for 30 years and an Insolvency Professional since 2018, challenged the constitutional validity of Chapter III and Section 204 of the Insolvency and Bankruptcy Code, 2016 (IBC). He also challenged Regulation 23A of the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016. The petitioner sought a declaration that these provisions were ultra vires the Constitution, manifestly arbitrary, and substantively unreasonable. The petitioner's application for Authorisation for Assignment (AFA) was rejected by the Indian Institute of Insolvency Professionals of ICAI (IIIPI) on January 14, 2020, and again on August 25, 2020. He had previously challenged
…The petitioner made an…
The petitioner's…