It was found that IP Mr Subburengan Hari Karthik, improperly forfeited an Earnest Money Deposit (EMD) of ₹2 crore during the liquidation process. His actions went beyond the conditions outlined in the Expression of Interest and process documents, which specified that the EMD could only be forfeited under specific circumstances like default or non-payment of the upfront amount, not for expenses incurred due to subsequent litigation. The Disciplinary Committee suspended his registration for a period of one year.