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IBBI Suspends Liquidator Savan Godiawala s Registration for Unnecessarily Taking Assistance from Deloitte

The Insolvency and Bankruptcy Board of India (Board/IBBI) has suspended the registration of Savan Godiawala, an insolvency professional (IP), for violating various provisions of the Code and unnecessarily assigning half of his work to Deloitte Touche Tohmatsu India LLP (DTTILLP), where he is a partner.

IBBI Suspends Registration of Insolvency Professional Sanjay Kumar Singh for 2 Years for Contravening Provisions of Auction

The Insolvency and Bankruptcy Board of India (IBBI) has suspended for two years the registration of insolvency professional (IP) Sanjay Kumar Singh for contravening the applicable provisions of the Insolvency and Bankruptcy Code (IBC) and regulations on conducting an auction for the sale of assets during the liquidation process of Monica Electronics Ltd (corporate debtor).

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