In the matter of Mr. Balaknath Bhattacharyya, Insolvency Professional

Last updated: 05 December 2020
Quick Summary
This ruling by the Insolvency and Bankruptcy Board of India (IBBI) addresses allegations against Mr. Balaknath Bhattacharyya, an Insolvency Professional (IP). The IBBI issued a Show Cause Notice following an inspection that found potential contraventions of the Insolvency and Bankruptcy Code and related regulations during his role as Interim Resolution Professional (IRP) and Resolution Professional (RP) for Advance Power Infra Tech Ltd. Mr. Bhattacharyya provided a response to these allegations.

Court :
IBBI

Brief :
This Order disposes of the Show Cause Notice (SCN) No. IBBI/IP/INSP/2019/29 dated 3 rd July,2020, issued to Mr. Balaknath Bhattacharyya, Sahabagan, Salua, PO-R Gopalpur, Dist-North 24 Paraganas, Kolkata, West Bengal- 700136 who is a Professional Member of the Insolvency Professional Agency of Institute of Cost Accountants of India and an Insolvency Professional registered with the Insolvency and Bankruptcy Board of India (IBBI) with Registration No. IBBI/IPA-003/IP-N00096/2017-18/10971.

Citation :
No. IBBI/DC/51/2020

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