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Insolvency Professional Faces Disciplinary Action for Valuer Appointment Violation Under Clause 5 of Code of Conduct.

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Full Text of the Document

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....Disciplinary Action - Duty of the IP to appoint registered valuers to determine the fair value and liquidation value of the Corporate Debtor - Appointment of valuers - violation of clause 5 of the Code of Conduct - the role of an IP in India is significantly different as compared to other matured jurisdictions. These facts may call for some leniency as long as these are not mala fide.....

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