Insolvency Professional Application Denied Despite Eligibility; Board Exercises Discretion Over Candidate Suitability.

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....Right to get registered as RP - Rejection of application of the Petitioner herein for registration as a Resolution Professional - Even though the Petitioner can be registered as an Insolvency Resolution Professional but for determining as to whether the Petitioner is fit and proper candidate it is for the Board to take account of any consideration as it deems fit, including but not limited to the criteria of integrity, reputation and character. - HC....