https://www.taxtmi.com/caselaws?id=753412 Delhi HC partially allowed a petition challenging a two-year suspension of an insolvency professional's registration. The court found the petitioner not guilty of imposing non-refundable participation fees on auction bidders, as relevant regulations were enacted after the auction occurred. The court also cleared charges regarding appointment of unregistered valuers, finding the individuals were registered in their personal capacity. However, the court upheld the charge concerning appointment of BDO Restructuring Advisory LLP, where the petitioner was a partner, finding this constituted misconduct to circumvent fee regulations. The suspension was reduced to time already served (20 months) instead of the original two years. en-us Mon, 27 May 2024 00:00:00 +0530 Sat, 01 Jun 2024 08:31:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753412 Delhi HC partially allowed a petition challenging a two-year suspension of an insolvency professional's registration. The court found the petitioner not guilty of imposing non-refundable participation fees on auction bidders, as relevant regulations were enacted after the auction occurred. The court also cleared charges regarding appointment of unregistered valuers, finding the individuals were registered in their personal capacity. However, the court upheld the charge concerning appointment of BDO Restructuring Advisory LLP, where the petitioner was a partner, finding this constituted misconduct to circumvent fee regulations. The suspension was reduced to time already served (20 months) instead of the original two years. Case-Laws Insolvency and Bankruptcy Mon, 27 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753412