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The Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of Narender Kumar Sharma, insolvency professional for Indirapuram Habitat Centre Private Limited, for two years for breaching provisions of the Insolvency and Bankruptcy Code, 2016.
Ghaziabad, India
Who
Insolvency and Bankruptcy Board of India (IBBI), Narender Kumar Sharma, Ravi Mital, Atul Rawat
What
The Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of Narender Kumar Sharma, insolvency professional for Indirapuram Habitat Centre Private Limited, for two years for breaching provisions of the Insolvency and Bankruptcy Code, 2016.
When
Tue, 16 Jun 2026 19:02:00 GMT · 2h 3m ago
Where
Ghaziabad, India ·
Why
Sharma was suspended due to allegations of conflict of interest, non-disclosure of relationship with a prospective resolution applicant, undertaking actions during the Corporate Insolvency Resolution Process (CIRP) without Committee of Creditors (CoC) approval, and inconsistent submissions.
The Frontline Impact
How this affects you
This suspension highlights strict enforcement against professionals in India's insolvency ecosystem for ethical breaches and non-compliance with regulations. It underscores the importance of transparency and adherence to established procedures in corporate insolvency resolution processes.
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