The petitioner is questioning an order dated 06.05.2022 passed by the Disciplinary Committee of respondent No.1 (Respondent No.2) under Section 220 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 13 of the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulation, 2017. The petitioner's registration as an Insolvency Professional has been suspended for one year.
The petitioner, Sumat Kumar Gupta, is an Insolvency Professional whose registration was suspended for one year by the Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI). The order was passed on 06.05.2022. The petitioner contends that Sh. Ravi Mittal, the Chairperson of IBBI who passed the order, was associated with Punjab National Bank (PNB), which had lodged the complaint against the petitioner. This association was allegedly not disclosed to the petitioner before the order was passed. The petitioner argues that this constitutes a bias and violates principles of natural justice. The respondent argues that the issue of bias was not raised during the hearing and that no prejudice was caused.
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The petitioner is questioning an order dated 06.05.2022 passed by the Disciplinary Committee of respondent No.1 (Respondent No.2) under Section 220 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 13 of the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulation, 2017. The petitioner's registration as an Insolvency Professional has been suspended for one year.
The petitioner, Sumat Kumar Gupta, is an Insolvency Professional whose registration was suspended for one year by the Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI). The order was passed on 06.05.2022. The petitioner contends that Sh. Ravi Mittal, the Chairperson of IBBI who passed the order, was associated with Punjab National Bank (PNB), which had lodged the complaint against the petitioner. This association was allegedly not disclosed to the petitioner before the order was passed. The petitioner argues that this constitutes a bias and violates principles of natural justice. The respondent argues that the issue of bias was not raised during the hearing and that no prejudice was caused.
The Disciplinary Committee of respondent…
The court heard the petitioner's challenge to…
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