https://www.taxtmi.com/caselaws?id=800783 Interim stay of an insolvency professional's disciplinary suspension requires a prima facie case, balance of convenience and irreparable injury. Challenges to the Disciplinary Committee's competence and procedural validity required final adjudication and did not demonstrate manifest invalidity at the interim stage. Prima facie material concerning unrevised creditor claims, transfer charges collected without Committee of Creditors approval, and altered homebuyers' claims supported the disciplinary findings. Suspension prevented the professional from continuing as resolution professional; notifying the Committee of Creditors and appointing a replacement fell within the regulatory framework. Interim protection was refused because continued assignment was not a vested right and would effectively grant final relief while affecting stakeholders. en-us Tue, 08 Sep 2026 00:00:00 +0530 Mon, 12 Oct 2026 04:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800783 Interim stay of an insolvency professional's disciplinary suspension requires a prima facie case, balance of convenience and irreparable injury. Challenges to the Disciplinary Committee's competence and procedural validity required final adjudication and did not demonstrate manifest invalidity at the interim stage. Prima facie material concerning unrevised creditor claims, transfer charges collected without Committee of Creditors approval, and altered homebuyers' claims supported the disciplinary findings. Suspension prevented the professional from continuing as resolution professional; notifying the Committee of Creditors and appointing a replacement fell within the regulatory framework. Interim protection was refused because continued assignment was not a vested right and would effectively grant final relief while affecting stakeholders. Case-Laws IBC Tue, 08 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800783