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IBC - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

Disciplinary Action - Duty of the IP to appoint registered ...


Insolvency Professional Faces Disciplinary Action for Valuer Appointment Violation Under Clause 5 of Code of Conduct.

June 20, 2020

Case Laws     Insolvency and Bankruptcy     Board

Disciplinary Action - Duty of the IP to appoint registered valuers to determine the fair value and liquidation value of the Corporate Debtor - Appointment of valuers - violation of clause 5 of the Code of Conduct - the role of an IP in India is significantly different as compared to other matured jurisdictions. These facts may call for some leniency as long as these are not mala fide.

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