https://www.taxtmi.com/caselaws?id=763622 Delhi HC upheld one-year suspension of Insolvency Professional by Disciplinary Committee. Petitioner violated IBC provisions by engaging brother's firm without proper disclosure to Committee of Creditors despite CoC approval, and using valuation services without CoC fee approval. Court found violations of Code of Conduct clauses and IBC Section 28(1)(f). However, HC rejected allegation of failing to pursue water charges recovery, noting civil suit was filed. Suspension upheld on two valid grounds despite third ground being unsupported. en-us Mon, 16 Dec 2024 00:00:00 +0530 Tue, 24 Dec 2024 08:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763622 Delhi HC upheld one-year suspension of Insolvency Professional by Disciplinary Committee. Petitioner violated IBC provisions by engaging brother's firm without proper disclosure to Committee of Creditors despite CoC approval, and using valuation services without CoC fee approval. Court found violations of Code of Conduct clauses and IBC Section 28(1)(f). However, HC rejected allegation of failing to pursue water charges recovery, noting civil suit was filed. Suspension upheld on two valid grounds despite third ground being unsupported. Case-Laws IBC Mon, 16 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763622