https://www.taxtmi.com/caselaws?id=797740 Pre-amendment insolvency disciplinary procedure required a show cause notice to follow a completed investigation, consideration of its report, and a prima facie opinion based on sufficient cause. Where action rests on material outside the investigation, the independent material must be identified and supplied to the insolvency professional. Procedural review of disciplinary action focuses on fairness rather than reassessment of merits. Relevant defences, a reasonably possible interpretation of committee composition rules, the temporal applicability of liquidation-cost requirements, and evidence explaining auction delays must be considered. Findings cannot rely on meetings or allegations beyond the scope of the show cause notice. Non-disclosure of material and failure to consider relevant circumstances vitiate disciplinary action. en-us Tue, 25 Aug 2026 00:00:00 +0530 Thu, 27 Aug 2026 08:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797740 Pre-amendment insolvency disciplinary procedure required a show cause notice to follow a completed investigation, consideration of its report, and a prima facie opinion based on sufficient cause. Where action rests on material outside the investigation, the independent material must be identified and supplied to the insolvency professional. Procedural review of disciplinary action focuses on fairness rather than reassessment of merits. Relevant defences, a reasonably possible interpretation of committee composition rules, the temporal applicability of liquidation-cost requirements, and evidence explaining auction delays must be considered. Findings cannot rely on meetings or allegations beyond the scope of the show cause notice. Non-disclosure of material and failure to consider relevant circumstances vitiate disciplinary action. Case-Laws IBC Tue, 25 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797740