The appellant, Vivek Raheja, challenged the judgment dated 07.08.2024 and order dated 07.10.2024 passed in Review Petition, which upheld the suspension of his registration as an Insolvency Professional by the Insolvency and Bankruptcy Board of India (IBBI). The suspension was based on alleged contraventions of the Insolvency and Bankruptcy Code, 2016.
The Appellant's registration to practice as Insolvency Professional has been suspended for a period of two years effective 12.02.2024.
The Appellant was appointed as the Resolution Professional of Trading Engineers (International) Limited (“Corporate Debtor”) on 04.07.2019.
The Respondent issued a show cause notice to the Appellant on 21.10.2022 (“First SCN”), which was adjudicated by the Respondent vide order dated 17.02.2023 closing the First SCN by not issuing any directions to the Appellant.
On 20.07.2023, the Respondent issued another show cause notice (“Second SCN”), which was adjudicated by the Respondent vide the Order, wherein it was found that the Appellant had contravened the provisions of the Code and the Regulations made thereunder.
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The appellant, Vivek Raheja, challenged the judgment dated 07.08.2024 and order dated 07.10.2024 passed in Review Petition, which upheld the suspension of his registration as an Insolvency Professional by the Insolvency and Bankruptcy Board of India (IBBI). The suspension was based on alleged contraventions of the Insolvency and Bankruptcy Code, 2016.
The Appellant's registration to practice as Insolvency Professional has been suspended for a period of two years effective 12.02.2024.
The Appellant was appointed as the Resolution Professional of Trading Engineers (International) Limited (“Corporate Debtor”) on 04.07.2019.
The Respondent issued a show cause notice to the Appellant on 21.10.2022 (“First SCN”), which was adjudicated by the Respondent vide order dated 17.02.2023 closing the First SCN by not issuing any directions to the Appellant.
On 20.07.2023, the Respondent issued another show cause notice (“Second SCN”), which was adjudicated by the Respondent vide the Order, wherein it was found that the Appellant had contravened the provisions of the Code and the Regulations made thereunder.
…Judgment rese…
Judgment deliv…