2.3.14:Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016.
14. Where the Board is of the opinion that sufficient cause exists for of an insolvency professional entity, it may do so by passing a reasoned order.
IBBI has de-recognised 13 of the Insolvency Professional Entities who have failed to comply with the provisions of Regulation 12(1) of this Regulations vide its Order dated 17.01.2019. To view the Order, Click Here.
Clarification on de- recognition where the Insolvency Professional Entity has not complied with the provisions of regulation 12 of this rule vide Circular No. IPE/008/2018 dated 05.04.2018. To view the Circular, Click Here