https://www.taxtmi.com/caselaws?id=768785 The power to suspend under Regulation 23A of the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016, read with Section 140 of the Insolvency and Bankruptcy Code, 2016, was held to be constitutionally valid. The Court accepted that the suspension power is traceable to the regulatory framework governing empanelment, de-empanelment and suspension of resolution professionals, and that this framework supports the exercise of such power. It found no constitutional infirmity under Articles 14, 19 or 21, and the challenge to the validity of the suspension power failed. en-us Tue, 01 Apr 2025 00:00:00 +0530 Mon, 14 Apr 2025 08:36:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768785 The power to suspend under Regulation 23A of the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016, read with Section 140 of the Insolvency and Bankruptcy Code, 2016, was held to be constitutionally valid. The Court accepted that the suspension power is traceable to the regulatory framework governing empanelment, de-empanelment and suspension of resolution professionals, and that this framework supports the exercise of such power. It found no constitutional infirmity under Articles 14, 19 or 21, and the challenge to the validity of the suspension power failed. Case-Laws IBC Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768785