IBBI pulls up and suspends registration of insolvency professional in Supertech case, finds multiple lapses

New Delhi [India], March 31 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) has found multiple procedural and disclosure lapses by insolvency professional Hitesh Goel in the corporate insolvency resolution process (CIRP) of Supertech Ltd, particularly its Eco Village-II project. In an order dated March 30, 2026, the Board’s Disciplinary Committee held that Goel…

IBBI pulls up and suspends registration of insolvency professional in Supertech case, finds multiple lapses

By Shailesh Yadav | Updated: Mar 31, 2026 13:38 IST New Delhi [India], March 31 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) has found multiple procedural and disclosure lapses by insolvency professional Hitesh Goel in the corporate insolvency resolution process (CIRP) of Supertech Ltd, particularly its Eco Village-II project.In an order dated March…

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Lok Sabha approves Insolvency and Bankruptcy Code (Amendment) Bill

NEW DELHI: The Lok Sabha on Monday approved the Insolvency and Bankruptcy Code (Amendment) Bill, aimed at speeding up insolvency proceedings to resolve cases related to defaulting companies. The Bill introduces a mandatory 14-day timeline for admitting insolvency applications once a company’s default has been established. Finance Minister Nirmala Sitharaman said that the government has…