{"id":5092,"date":"2026-03-30T09:40:12","date_gmt":"2026-03-30T09:40:12","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=5092"},"modified":"2026-03-30T09:40:14","modified_gmt":"2026-03-30T09:40:14","slug":"ibbi-dc-orders-dated-23-03-2026-breach-of-duty-gst-non-compliance-in-cirp-led-to-suspension-of-ip-registration-for-two-years","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/03\/30\/ibbi-dc-orders-dated-23-03-2026-breach-of-duty-gst-non-compliance-in-cirp-led-to-suspension-of-ip-registration-for-two-years\/","title":{"rendered":"IBBI DC Orders Dated 23\/03\/2026 &#8211; Breach of Duty &amp; GST Non Compliance in CIRP led to suspension of IP Registration for two Years\u00a0"},"content":{"rendered":"\n<p>\u00a0The Disciplinary Committee found that despite a clear request from homebuyers holding over 33% voting rights, the professional failed to place the mandatory agenda for his replacement before the Committee of Creditors, misrepresented facts in meeting minutes, and did not verify voting share transparently. Further, he failed to comply with GST requirements by not obtaining registration within the prescribed period and did not raise invoices for professional fees, citing unjustified reasons. DC suspended the registration of the Insolvency Professional for two years.<\/p>\n\n\n\n<p><a href=\"https:\/\/ibbi.gov.in\/uploads\/order\/9099ec948ecac844b774996cb800fe99.pdf\"><em>(Link: IBBI DC Order Dated 23\/03\/2025)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0The Disciplinary Committee found that despite a clear request from homebuyers holding over 33% voting rights, the professional failed to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[66,98],"tags":[],"class_list":["post-5092","post","type-post","status-publish","format-standard","hentry","category-ibbi","category-ibbi-orders"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IBBI DC Orders Dated 23\/03\/2026 - Breach of Duty &amp; 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