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IBC - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Initiation of disciplinary proceedings - complaint against the ...

Insolvency and Bankruptcy

September 15, 2020

Initiation of disciplinary proceedings - complaint against the IP by the petitioner - Regulation 7(3) of IBC - Merely informing the petitioner as has been done in the present case that appropriate action is being initiated in the matter, would not, therefore, satisfy the requirements of Regulation 7. The complainant was never informed whether respondent no.1 has formed an opinion in favour of the complainant or against him, on such complaint. - HC

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