IBBI Suspends Insolvency Professional for Overlooking Conflict of Interest in Resolution Plan

The IBBI (Insolvency and Bankruptcy Board of India) has suspended an insolvency professional for "overlooking a conflict of interest in a resolution plan." The action underscores the IBBI's commitment to maintaining ethical standards and integrity within the insolvency profession. The suspension sends a strong message that RPs must act with objectivity and disclose any potential conflicts of interest to ensure the fairness and transparency of the resolution process.