Service provider investigation framework allows written inspection, search, seizure, and reporting for suspected non-compliance under the Code. The Insolvency and Bankruptcy Board may, by written order, direct an investigation or inspection of a service provider where a complaint is received or where there are reasonable grounds to believe that the service provider has contravened the Code, rules, regulations, or directions issued under it. The investigating authority may require production of relevant documents or information, enter premises to search and seize material, retain seized records only until the investigation concludes, and must submit a detailed report to the Board.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Service provider investigation framework allows written inspection, search, seizure, and reporting for suspected non-compliance under the Code.
The Insolvency and Bankruptcy Board may, by written order, direct an investigation or inspection of a service provider where a complaint is received or where there are reasonable grounds to believe that the service provider has contravened the Code, rules, regulations, or directions issued under it. The investigating authority may require production of relevant documents or information, enter premises to search and seize material, retain seized records only until the investigation concludes, and must submit a detailed report to the Board.
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