https://www.taxtmi.com/caselaws?id=467934 An unchallenged suspension of an insolvency professional's registration by the IBBI was treated as immediately disabling him from acting as IRP in pending CIRP proceedings. The contention that the suspension operated only prospectively was rejected, because the legal effect flowed from the suspension of the underlying registration itself. A complaint of denial of hearing also failed, as the decisive point was that the suspended professional lacked authority to continue. The Adjudicating Authority was therefore justified in removing him and appointing a substitute IRP, and the challenge to the substitution did not succeed. en-us Mon, 22 Apr 2024 00:00:00 +0530 Thu, 09 Apr 2026 19:53:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467934 An unchallenged suspension of an insolvency professional's registration by the IBBI was treated as immediately disabling him from acting as IRP in pending CIRP proceedings. The contention that the suspension operated only prospectively was rejected, because the legal effect flowed from the suspension of the underlying registration itself. A complaint of denial of hearing also failed, as the decisive point was that the suspended professional lacked authority to continue. The Adjudicating Authority was therefore justified in removing him and appointing a substitute IRP, and the challenge to the substitution did not succeed. Case-Laws IBC Mon, 22 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467934