IBBI suspends Insolvency Professional after CBI arrests him for demanding bribe of ₹20 lakh

An Insolvency Professional has been suspended post his arrest by CBI for allegedly asking bribe of 20 lakhs.
IBBI Suspended
IBBI Suspended

The Insolvency and Bankruptcy Board of India (IBBI) has suspended Insolvency Professional (IP) Subrata Monindranath Maity for demanding a bribe of ₹20 lakh to settle the Corporate Insolvency Resolution Process (CIRP) of a party.

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