Delhi HC Stays Imposition Of Penalty On Insolvency Professional Who Allegedly Violated The Terms Of Moratorium, Going Against The Provisions Of IBC [Read Order]

Delhi High Court has stayed the penalty imposed on an Insolvency Professional (IP) who allegedly violated the provisions of the Insolvency and Bankruptcy Code by going against the terms of the moratorium. The Single Bench of Justice AK Chawla has stayed the penalty subject to the Petitioner depositing within 10 days from today a sum of Rs.25 lacs with the Insolvency and...