The Insolvency andBankruptcy Board of India’s (IBBI) Disciplinary Committee (DC) has dismissed preliminary objections raised by an Insolvency Professional (IP) in proceedings arising from his role as Resolution Professional (RP) in the Corporate InsolvencyResolution Process (CIRP) of Gemus Engineering Limited.
The matter stems from a complaint filed after Anchalia’s tenure as RP ended in December 2024, when the Kolkata Bench of the NCLT ordered liquidation and appointed a new liquidator. The Board examined the complaint, issued a Show Cause Notice (SCN) in September 2025, and referred the matter to the DC.
The insolvency professional said that Regulation 10A of the Inspection Regulations improperly equates…