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of <h1>Insolvency Board Disciplinary Committee Resolves Show-Cause Notices in 60 Days, Orders Effective in 30 Days</h1> The Disciplinary Committee of the Insolvency and Bankruptcy Board of India is tasked with disposing of show-cause notices by issuing a reasoned order after hearing the noticee. The Committee aims to resolve these notices within sixty days from the reply due date. The order may result in closure, a warning, suspension, or cancellation of an insolvency professional's authorization, or other actions as deemed appropriate. Orders become effective after thirty days unless stated otherwise and are served electronically, with specific provisions for insolvency professionals. The Board must inform relevant parties and authorities about the order.
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