Delhi HC stays Imposition of Penalty on Insolvency Professionals alleged to have violated terms of Memorandum against provision of IBC

The High Court of Delhi stayed the imposition of penalty on Insolvency Professionals alleged to have violated terms of Memorandum against the provision of the Insolvency and Bankruptcy Code (IBC). The stay was subjected to a sum of Rs.25 lacs with the respondent, Insolvency and Bankruptcy Board of India. The petitioner, Mohan Lal Jain was […]

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