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War & Conflict2h 7m ago
The Insolvency and Bankruptcy Board of India (IBBI) has suspended Narender Kumar Sharma, the insolvency professional for Indirapuram Habitat Centre Private Limited, for two years due to conflict of interest, non-disclosure, and undertaking actions without Committee of Creditors (CoC) approval.
Ghaziabad, India
Who
Narender Kumar Sharma, Insolvency and Bankruptcy Board of India (IBBI), Ravi Mital, Atul Rawat
What
The Insolvency and Bankruptcy Board of India (IBBI) has suspended Narender Kumar Sharma, the insolvency professional for Indirapuram Habitat Centre Private Limited, for two years due to conflict of interest, non-disclosure, and undertaking actions without Committee of Creditors (CoC) approval.
When
Tue, 16 Jun 2026 19:02:00 GMT · 2h 7m ago
Where
Ghaziabad, India ·
Why
Sharma was found to have a conflict of interest and failed to disclose a relationship with a prospective resolution applicant, and also undertook Corporate Insolvency Resolution Process actions without the required approval from the Committee of Creditors.
The Frontline Impact
How this affects you
This suspension highlights strict regulatory oversight in India's insolvency framework, underscoring the critical importance of transparency and adherence to protocol by professionals involved in corporate resolution processes. It could set a precedent for increased scrutiny and accountability within the profession, impacting future insolvency proceedings.
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