https://www.taxtmi.com/caselaws?id=404380 The Disciplinary Committee (DC) disposed of a Show Cause Notice (SCN) issued to an Insolvency Professional for violating specific sections and regulations by accepting an assignment without a valid Authorization for Assignment (AFA) after 31st December 2019. Despite the allegations, the DC found the professional not guilty of Professional Misconduct after considering his submissions regarding unintentional procedural lapses and commitment to compliance. The DC emphasized the importance of adherence to regulations for insolvency professionals to maintain process credibility, ultimately resolving the show cause notice without any direction against the professional. en-us Tue, 08 Dec 2020 00:00:00 +0530 Tue, 23 Feb 2021 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404380 The Disciplinary Committee (DC) disposed of a Show Cause Notice (SCN) issued to an Insolvency Professional for violating specific sections and regulations by accepting an assignment without a valid Authorization for Assignment (AFA) after 31st December 2019. Despite the allegations, the DC found the professional not guilty of Professional Misconduct after considering his submissions regarding unintentional procedural lapses and commitment to compliance. The DC emphasized the importance of adherence to regulations for insolvency professionals to maintain process credibility, ultimately resolving the show cause notice without any direction against the professional. Case-Laws Insolvency and Bankruptcy Tue, 08 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404380