IBBI DC Order Dated 24/06/2025 – IBBI penalises Resolution Professional (RP) Mr Pankaj Ramandas Majithia for asset negligence, approval failure and auction without proper process

Considering the fact that he has already attained the age of 70 years, the DC imposed a penalty of 30% of the total fees payable (both paid and pending for payment).  

(Link: IBBI DC Order Dated 24/06/2025)

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