https://www.taxtmi.com/caselaws?id=418419 The Tribunal dismissed the application seeking removal and replacement of the Resolution Professional, citing the Applicant's lack of entitlement under the relevant sections of the Insolvency and Bankruptcy Code, 2016. The Tribunal emphasized that disciplinary proceedings against the Resolution Professional fall under the jurisdiction of the Insolvency and Bankruptcy Board of India (IBBI) and not the Adjudicating Authority. It clarified the IBBI's authority to handle complaints and impose penalties for misconduct, ultimately denying the Applicant's request for a change of Resolution Professional without costs. en-us Tue, 01 Feb 2022 00:00:00 +0530 Thu, 17 Feb 2022 07:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418419 The Tribunal dismissed the application seeking removal and replacement of the Resolution Professional, citing the Applicant's lack of entitlement under the relevant sections of the Insolvency and Bankruptcy Code, 2016. The Tribunal emphasized that disciplinary proceedings against the Resolution Professional fall under the jurisdiction of the Insolvency and Bankruptcy Board of India (IBBI) and not the Adjudicating Authority. It clarified the IBBI's authority to handle complaints and impose penalties for misconduct, ultimately denying the Applicant's request for a change of Resolution Professional without costs. Case-Laws Insolvency and Bankruptcy Tue, 01 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418419