https://www.taxtmi.com/highlights?id=54767 Initiation of disciplinary proceedings - complaint against the IP by the petitioner - Regulation 7(3) of IBC - Merely informing the petitioner as has been done in the present case that appropriate action is being initiated in the matter, would not, therefore, satisfy the requirements of Regulation 7. The complainant was never informed whether respondent no.1 has formed an opinion in favour of the complainant or against him, on such complaint. - HC en-us Tue, 15 Sep 2020 11:14:16 +0530 Tue, 15 Sep 2020 11:14:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54767 Initiation of disciplinary proceedings - complaint against the IP by the petitioner - Regulation 7(3) of IBC - Merely informing the petitioner as has been done in the present case that appropriate action is being initiated in the matter, would not, therefore, satisfy the requirements of Regulation 7. The complainant was never informed whether respondent no.1 has formed an opinion in favour of the complainant or against him, on such complaint. - HC Highlights Insolvency and Bankruptcy Tue, 15 Sep 2020 11:14:16 +0530 https://www.taxtmi.com/highlights?id=54767