The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The respondent's counsel pointed out that disclosures in accordance with the code of conduct for Insolvency Professionals have not been made in the written communication. The court directed that the necessary disclosures be made according to the Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulation, 2016, within a week, with a copy provided to the opposing counsel. The certificate of the RP may also be annexed and all other defects be removed.
Mr. Ajit Kumar Mishra filed an application against Tulsiani Construction and Developers Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the respondent's counsel raised an objection regarding the lack of proper disclosures by the Insolvency Professional, as mandated by the code of conduct and the IBBI regulations. The petitioner's counsel acknowledged the deficiency and assured the court that the necessary disclosures would be made within a week, with a copy provided to the opposing counsel. The court then listed the matter for further consideration on 2018-11-15, after the compliance with the disclosure requirements.
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The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The respondent's counsel pointed out that disclosures in accordance with the code of conduct for Insolvency Professionals have not been made in the written communication. The court directed that the necessary disclosures be made according to the Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulation, 2016, within a week, with a copy provided to the opposing counsel. The certificate of the RP may also be annexed and all other defects be removed.
Mr. Ajit Kumar Mishra filed an application against Tulsiani Construction and Developers Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, the respondent's counsel raised an objection regarding the lack of proper disclosures by the Insolvency Professional, as mandated by the code of conduct and the IBBI regulations. The petitioner's counsel acknowledged the deficiency and assured the court that the necessary disclosures would be made within a week, with a copy provided to the opposing counsel. The court then listed the matter for further consideration on 2018-11-15, after the compliance with the disclosure requirements.
Order delivered…
Case listed for further…