A dozen professionals looking after the affairs of bankrupt firms taken over by lenders have faced disciplinary action by the Insolvency and Bankruptcy Board of India since January, showing the regulator is taking a dim view of lapses in following the Bankruptcy Code provisions. Orders issued by IBBI showed that disciplinary action ranged from issuing caution to the insolvency professional …
Regarding the disciplinary action taken against a Police constable who was allegedly intoxicated while on duty, the Rajasthan High Court has recently observed that the Disciplinary and Appellate authority cannot do so without appreciating the evidence and assigning proper reasons. Justice Anoop Kumar Dhand sitting at the Jaipur Bench opined that the impugned orders were ‘totally non-speaking orders’ and the …
