Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Insolvency and BankruptcyApril 10, 2021Case LawsAT
Validity of action of the Resolution Professional (RP) - Admittedly, the RP has not provided the copy of Resolution Plans to the Appellant. Thus, he has contravened the mandatory provision provided in Regulation 21(3) (iii) of the IBBI Regulations - the notice of that meeting was sent to the Appellant less than 24 hours’ notice was served, which is against the Regulation 19 of IBBI Regulations - Directions issued to RP - AT
Validity of action of the Resolution Professional (RP) - Admittedly, the RP has not provided the copy of Resolution Plans to the Appellant. Thus, he has contravened the mandatory provision provided in Regulation 21(3) (iii) of the IBBI Regulations - the notice of that meeting was sent to the Appellant less than 24 hours’ notice was served, which is against the Regulation 19 of IBBI Regulations - Directions issued to RP - AT
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