https://www.taxtmi.com/caselaws?id=373879 The court ruled in favor of the Insolvency and Bankruptcy Board of India (Board) in the case concerning the de-recognition of Insolvency Professional Entities (IPEs) for non-compliance with regulation 12 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. Thirteen IPEs were de-recognized for failing to meet the specified requirements, with the court directing them to surrender their certificates of recognition and notify the Registrar of Companies about their de-recognition. The judgment emphasized that despite de-recognition, the IPEs remain liable for any actions or omissions of their partners or directors during their tenure as insolvency professionals. en-us Thu, 17 Jan 2019 00:00:00 +0530 Mon, 21 Jan 2019 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373879 The court ruled in favor of the Insolvency and Bankruptcy Board of India (Board) in the case concerning the de-recognition of Insolvency Professional Entities (IPEs) for non-compliance with regulation 12 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. Thirteen IPEs were de-recognized for failing to meet the specified requirements, with the court directing them to surrender their certificates of recognition and notify the Registrar of Companies about their de-recognition. The judgment emphasized that despite de-recognition, the IPEs remain liable for any actions or omissions of their partners or directors during their tenure as insolvency professionals. Case-Laws Insolvency and Bankruptcy Thu, 17 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373879