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IBBI warns RP for seeking approval of CoC for appointing of forensic auditor as he compromised his independence

June 19, 2020[2020] 117 173 (IBBI)

IBC: Code is silent on the issue whether actual physical control of assets of Corporate Debtor must be taken by RP or symbolic control is sufficient; where RP sought approval of CoC for appointment of forensic auditor, he had compromised his independence in favor of CoC, hence, to be warned

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