The writ petition challenges an order dated July 3, 2023, passed by the Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI). The petitioner, an Insolvency Professional (IP), was issued a show cause notice under Section 219 of the Insolvency and Bankruptcy Code, 2016, following an investigation report by the IBBI. The show cause notice indicated potential cancellation of the petitioner's registration. The petitioner responded, and the Disciplinary Committee, comprising a single whole-time member, adjudicated the matter on July 3, 2023, suspending the petitioner's registration for one year.
Rohit J. Vora, an Insolvency Professional (IP), received a show cause notice from the Insolvency and Bankruptcy Board of India (IBBI) based on an investigation report. The show cause notice, issued under Section 219 of the Insolvency and Bankruptcy Code, 2016, threatened cancellation of Vora's registration. The Disciplinary Committee of the IBBI, consisting of a single whole-time member, adjudicated the matter and suspended Vora's registration for one year. Vora challenged this order, arguing that the Disciplinary Committee should have consisted of more than one member, citing the proviso to Section 220(1) of the Code, which uses the term 'members'. The IBBI argued that 'members' includes a single member and that the Regulations of 2017 permit a single-member
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Order passed by the Disciplinary Committee…
Interim order passed by the Gujarat High…
The writ petition challenges an order dated July 3, 2023, passed by the Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI). The petitioner, an Insolvency Professional (IP), was issued a show cause notice under Section 219 of the Insolvency and Bankruptcy Code, 2016, following an investigation report by the IBBI. The show cause notice indicated potential cancellation of the petitioner's registration. The petitioner responded, and the Disciplinary Committee, comprising a single whole-time member, adjudicated the matter on July 3, 2023, suspending the petitioner's registration for one year.
Rohit J. Vora, an Insolvency Professional (IP), received a show cause notice from the Insolvency and Bankruptcy Board of India (IBBI) based on an investigation report. The show cause notice, issued under Section 219 of the Insolvency and Bankruptcy Code, 2016, threatened cancellation of Vora's registration. The Disciplinary Committee of the IBBI, consisting of a single whole-time member, adjudicated the matter and suspended Vora's registration for one year. Vora challenged this order, arguing that the Disciplinary Committee should have consisted of more than one member, citing the proviso to Section 220(1) of the Code, which uses the term 'members'. The IBBI argued that 'members' includes a single member and that the Regulations of 2017 permit a single-member
…Order passed by the Disciplinary Committee…
Interim order passed by the Gujarat High…