https://www.taxtmi.com/caselaws?id=446018 Delhi HC dismissed petitioner's challenge to rejection of registration as Resolution Professional. Board refused registration finding petitioner not fit and proper due to past financial irregularities and fraudulent practices violating market integrity, despite penalty being paid 11 years ago. Court held Board's decision was not arbitrary as Insolvency Professionals manage company operations and assets during resolution process, requiring highest integrity standards. Board has discretion to assess candidate's suitability based on antecedents, character and reputation. Decision not perverse or irrational warranting judicial interference under Article 226. en-us Mon, 20 Nov 2023 00:00:00 +0530 Fri, 24 Nov 2023 06:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446018 Delhi HC dismissed petitioner's challenge to rejection of registration as Resolution Professional. Board refused registration finding petitioner not fit and proper due to past financial irregularities and fraudulent practices violating market integrity, despite penalty being paid 11 years ago. Court held Board's decision was not arbitrary as Insolvency Professionals manage company operations and assets during resolution process, requiring highest integrity standards. Board has discretion to assess candidate's suitability based on antecedents, character and reputation. Decision not perverse or irrational warranting judicial interference under Article 226. Case-Laws Insolvency and Bankruptcy Mon, 20 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446018