https://www.taxtmi.com/caselaws?id=795041 Disciplinary action against an insolvency professional must be taken by a Disciplinary Committee composed only of whole-time members; the Chairperson cannot exercise that reserved function, rendering a cancellation order void. The statutory framework also requires inspection or investigation, a report, and compliant initiation before a show-cause notice and disciplinary proceedings. Adverse appellate observations cannot replace the prescribed inquiry, particularly where an earlier inspection found no illegality. Non-compliance with the authorised decision-maker and mandatory process vitiates the proceedings, while fresh action may be initiated in accordance with law. en-us Tue, 14 Jul 2026 00:00:00 +0530 Thu, 16 Jul 2026 09:07:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795041 Disciplinary action against an insolvency professional must be taken by a Disciplinary Committee composed only of whole-time members; the Chairperson cannot exercise that reserved function, rendering a cancellation order void. The statutory framework also requires inspection or investigation, a report, and compliant initiation before a show-cause notice and disciplinary proceedings. Adverse appellate observations cannot replace the prescribed inquiry, particularly where an earlier inspection found no illegality. Non-compliance with the authorised decision-maker and mandatory process vitiates the proceedings, while fresh action may be initiated in accordance with law. Case-Laws IBC Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795041