Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
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Insolvency and BankruptcyJuly 14, 2020Case LawsBoard
Disciplinary proceedings against the IP - Contravention of provisions of the Code, Regulations, and directions issued thereunder by IP - The registration as an Insolvency Professional suspended for six months - The DC hereby directs the IP to secure reimbursement of an amount of ₹ 73,87,642/- which was paid to lender"s legal counsel (SAM) and charged to IRPC.
Disciplinary proceedings against the IP - Contravention of provisions of the Code, Regulations, and directions issued thereunder by IP - The registration as an Insolvency Professional suspended for six months - The DC hereby directs the IP to secure reimbursement of an amount of ₹ 73,87,642/- which was paid to lender"s legal counsel (SAM) and charged to IRPC.
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