https://www.taxtmi.com/caselaws?id=390490 The Resolution Professional (RP) was found negligent in conducting the Corporate Insolvency Resolution Process (CIRP), including failure to make required disclosures, improper inclusion of lender's legal counsel fees in Insolvency Resolution Process Costs (IRPC), and sharing fees with BDO Restructuring Advisory India LLP. The RP contravened provisions of the Insolvency and Bankruptcy Code and relevant regulations. The Disciplinary Committee imposed a monetary penalty of Rs. 29,24,167/- on the RP and directed reimbursement of Rs. 12,09,90,185/- to the Corporate Debtor, along with a restriction on accepting new assignments until compliance. en-us Thu, 14 Nov 2019 00:00:00 +0530 Sun, 05 Jan 2020 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390490 The Resolution Professional (RP) was found negligent in conducting the Corporate Insolvency Resolution Process (CIRP), including failure to make required disclosures, improper inclusion of lender's legal counsel fees in Insolvency Resolution Process Costs (IRPC), and sharing fees with BDO Restructuring Advisory India LLP. The RP contravened provisions of the Insolvency and Bankruptcy Code and relevant regulations. The Disciplinary Committee imposed a monetary penalty of Rs. 29,24,167/- on the RP and directed reimbursement of Rs. 12,09,90,185/- to the Corporate Debtor, along with a restriction on accepting new assignments until compliance. Case-Laws Insolvency and Bankruptcy Thu, 14 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390490