The Resolution Professional was suspended by an order from the IBBI on 2023-05-26 for two years. Following the suspension, an I.A. No. 3652/2023 was filed seeking direction from the Adjudicating Authority regarding whether the Resolution Professional should continue in the CIRP. The Adjudicating Authority directed the Resolution Professional to approach the CoC on 2023-07-17. The appellant contends that the Resolution Professional should not have been allowed to continue or file an application before the Adjudicating Authority.
The Resolution Professional was suspended by IBBI on 2023-05-26 for two years. After suspension, the Resolution Professional filed I.A. No. 3652/2023, seeking direction from the Adjudicating Authority regarding continuation in the CIRP. The Adjudicating Authority directed the Resolution Professional to approach the CoC on 2023-07-17. The appellant argues that the Resolution Professional should not have been allowed to continue or file an application before the Adjudicating Authority. The court found substance in the appellant's submissions and stayed the order dated 2023-07-17.
Sign in to view the parties.
The Resolution…
The Adjudicating…
Sign in to view related legal provisions.
The Resolution Professional was suspended by an order from the IBBI on 2023-05-26 for two years. Following the suspension, an I.A. No. 3652/2023 was filed seeking direction from the Adjudicating Authority regarding whether the Resolution Professional should continue in the CIRP. The Adjudicating Authority directed the Resolution Professional to approach the CoC on 2023-07-17. The appellant contends that the Resolution Professional should not have been allowed to continue or file an application before the Adjudicating Authority.
The Resolution Professional was suspended by IBBI on 2023-05-26 for two years. After suspension, the Resolution Professional filed I.A. No. 3652/2023, seeking direction from the Adjudicating Authority regarding continuation in the CIRP. The Adjudicating Authority directed the Resolution Professional to approach the CoC on 2023-07-17. The appellant argues that the Resolution Professional should not have been allowed to continue or file an application before the Adjudicating Authority. The court found substance in the appellant's submissions and stayed the order dated 2023-07-17.
The Resolution…
The Adjudicating…
Sign in to view related legal provisions.