The case pertains to the removal of the existing liquidator, Ms. Sonu Jain, of the Corporate Debtor, Advance Power Infra Limited, due to her failure to discharge her duties under the Insolvency and Bankruptcy Code, 2016 and relevant regulations. The Disciplinary Committee of IBBI suspended her registration for one year.
The Disciplinary Committee of IBBI has suspended the registration of the Liquidator, Ms. Sonu Jain, for a period of one year vide order dated 06.03.2025.
The Liquidator was appointed on 26.09.2019 and has allegedly failed to discharge her statutory duties under the Insolvency and Bankruptcy Code.
The Corporate Debtor sought the removal of the Liquidator due to her alleged failure to discharge her duties.
The Tribunal considered the Disciplinary Committee Report of IBBI.
Mr. Rajesh Lihala was appointed as the new liquidator.
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Ms. Sonu Jain was…
The Disciplinary Committee of IBBI passed an…
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The case pertains to the removal of the existing liquidator, Ms. Sonu Jain, of the Corporate Debtor, Advance Power Infra Limited, due to her failure to discharge her duties under the Insolvency and Bankruptcy Code, 2016 and relevant regulations. The Disciplinary Committee of IBBI suspended her registration for one year.
The Disciplinary Committee of IBBI has suspended the registration of the Liquidator, Ms. Sonu Jain, for a period of one year vide order dated 06.03.2025.
The Liquidator was appointed on 26.09.2019 and has allegedly failed to discharge her statutory duties under the Insolvency and Bankruptcy Code.
The Corporate Debtor sought the removal of the Liquidator due to her alleged failure to discharge her duties.
The Tribunal considered the Disciplinary Committee Report of IBBI.
Mr. Rajesh Lihala was appointed as the new liquidator.
Ms. Sonu Jain was…
The Disciplinary Committee of IBBI passed an…
Sign in to view related legal provisions.