Insolvency Professional to ensure that his conduct would not undermine the credibility of the process

Last updated: 03 December 2020
Quick Summary
This judgement concerns Mr. Arun Mohan, an Insolvency Professional (IP), who faced a Show Cause Notice from the Insolvency and Bankruptcy Board of India (IBBI). The notice alleged contraventions of the Insolvency and Bankruptcy Code and related regulations due to his conduct as an interim resolution professional. These allegations stemmed from a First Information Report registered by the CBI and a subsequent judicial remand, following a complaint about a demanded bribe.

Court :
IBBI

Brief :
This Order disposes of the Show Cause Notice (SCN) No. IBBI/IP/SCN/2020/01/850 dated 16th January, 2020 issued to Mr. Arun Mohan, C - 356, Lohia Nagar, Near Guru Nanak School, Ghaziabad, Uttar Pradesh, 201001 who is a Professional Member of the ICSI Institute of Insolvency Professionals (IPA) and an Insolvency Professional (IP) registered with the Insolvency and Bankruptcy Board of India (IBBI) with Registration No. IBBI/IPA002/IP- 00740/2018-2019/12349.

Citation :
No. IBBI/DC/48/2020

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