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2019 (8) TMI 494 - Board - Insolvency and BankruptcyDisclosure of list of insolvency professionals against whom disciplinary proceeding is under process - Right to Information Act, 2005 - HELD THAT:- Disciplinary proceedings before the Board are quasi-judicial in nature and any disclosure of the names of IPs against whom such proceedings are ongoing would impede the investigation process due to unwarranted public attention. Moreover, such processes can be at various stages. Mere issuance of a show cause notice to an IP does not imply that such person is guilty of any misconduct. It is merely seeking an explanation from the IP of any aberration in the established process. If, there is any gap in the explanation provided by the IP, then further action is taken by the Board. Revealing the names of such IPs, is likely to harm their practice as most of the IPs are established professionals like Chartered Accountants, Company Secretaries, Cost Accountants, Advocates and managerial experts. The request of the appellant to disclose the list of insolvency professionals against whom disciplinary proceeding is under process cannot be accepted - Appeal dismissed.
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