# In the matter of Sandeep Kumar Bhatt vs IBBI

> HC judgment dated 2025-04-03. Citation: TCN-2025-HC-00026. The appellant, a registered Insolvency Professional with the IBBI, was appointed as an Interim…

- **Court:** HC
- **Order date:** 3 Apr 2025
- **Citation:** TCN-2025-HC-00026
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/high-courts-new-delhi/sandeep-kumar-bhatt-vs-ibbi-9182cbf5

## Summary

### Background

The appellant, a registered Insolvency Professional with the IBBI, was appointed as an Interim Resolution Professional (IRP) and later as a Resolution Professional (RP) for GTHS Retails Pvt. Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated against GTHS Retails Pvt. Ltd. after an application was admitted by the NCLT. The CIRP period of 270 days ended, and the Resolution Applicant withdrew their offer, leading to the initiation of liquidation proceedings. A liquidator was appointed, and the appellant was discharged from the case. Subsequently, IA No.2276/2021 was filed by the liquidator for the dissolution of the assets of the CD. The NCLT directed the liquidator to place on record the Valuation Report. An investigation was initiated against the

…

## Facts

The appellant, Sandeep Kumar Bhatt, was registered with the Insolvency and Bankruptcy Board of India (IBBI) as an Insolvency Professional on 02.06.2017. On 03.08.2017, the National Company Law Tribunal (NCLT) admitted an application under section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) filed by PR International initiating Corporate Insolvency Resolution Process (CIRP) against GTHS Retails Pvt. Ltd (Corporate Debtor). The appellant was appointed as an Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP) on 20.12.2017. By 04.07.2019, the CIRP period of 270 days had ended, and the Resolution Applicant withdrew their offer, leading to liquidation. On 16.10.2019, Mr. Ramit Rastogi was appointed as the liquidator, and

…

## Issues and analysis

### Issue 1: Whether the Single Judge erred in upholding the IBBI's order suspending the appellant's …

**Ratio:** The writ court should not interfere in disciplinary proceedings or administrative

…

**Reasoning:** The court acknowledged the principle that writ courts should generally not interfere in

…

**Interpretation:** This principle emphasizes the limited scope of judicial review in

…

**Application:** The court applied this principle by examining whether the DC's decision-making

…

## Parties

- **Judges:** THE CHIEF J…; TUSHAR RAO…
- **Appellants:** Sandeep Kumar…
- **Respondents:** GTHS Retails Pvt.…; Insolvency and…
- **Other parties:** Kohi…

## Timeline

- **2017-06-02 — Registration as…**: Appellant registered with IBBI…
- **2017-08-03 — CIRP Init…**: NCLT admitted application under section 9…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/high-courts-new-delhi/sandeep-kumar-bhatt-vs-ibbi-9182cbf5