https://www.taxtmi.com/caselaws?id=384440 The Appellate Tribunal held that the Adjudicating Authority lacked jurisdiction to quash disciplinary proceedings initiated by IBBI. The case involved a delay in the 'Corporate Insolvency Resolution Process' due to a typographical error, leading to disciplinary action against Mr. Vats. Despite the Adjudicating Authority's earlier recommendation and subsequent withdrawal, the Tribunal ruled that only IBBI has the power to close such proceedings. The Tribunal set aside the order quashing the proceedings, directing IBBI to make the final decision promptly. The appeal was disposed of without costs. en-us Thu, 11 Jul 2019 00:00:00 +0530 Tue, 13 Aug 2019 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384440 The Appellate Tribunal held that the Adjudicating Authority lacked jurisdiction to quash disciplinary proceedings initiated by IBBI. The case involved a delay in the 'Corporate Insolvency Resolution Process' due to a typographical error, leading to disciplinary action against Mr. Vats. Despite the Adjudicating Authority's earlier recommendation and subsequent withdrawal, the Tribunal ruled that only IBBI has the power to close such proceedings. The Tribunal set aside the order quashing the proceedings, directing IBBI to make the final decision promptly. The appeal was disposed of without costs. Case-Laws Insolvency and Bankruptcy Thu, 11 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384440