VIVEK RAHEJA vs INSOLVENCY AND BANKRUPTCY BOARD OF INDIA

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI Judgment reserved on: 08.01.2026 % Judgment delivered on: 09.01.2026 + LPA 1199/2024 & CM APPL. 72630/2024 VIVEK RAHEJA .....Appellant versus INSOLVENCY AND BANKRUPTCY BOARD OF INDIA .....Respondent Advocates who appeared in this case For the Appellant : Mr. Ashish Dholakia, Senior Advocate with Mr. Srikant Mishra, Mr. Karan Sharma, Ms. Annanya Tyagi and Ms. Deeksha Khurana, Advocates. For the Respondent : Mr. Sahil Monga and Mr. Shasharah Sharma, Advocates. CORAM: HON'BLE THE CHIEF JUSTICE HON'BLE MR. JUSTICE TEJAS KARIA JUDGMENT TEJAS KARIA, J 1. The present Appeal challenges the judgment dated 07.08.2024 passed in W.P.(C) 2894/2024 (“Writ Petition”) and order dated 07.10.2024 passed in Review Petition No. 370/2024 (“Review Petition”) (collectively “Impugned Judgment”). Signature Not Verified Signed By:NEELAM LPA 1199/2024 Page 1 of 28 SHARMA Signing Date:09.01.2026 18:27:27 2. The Writ Petition was filed by the Appellant for quashing and setting aside the order dated 12.01.2024 (“Order”) passed by the Respondent, whereby the Appellant’s registration to practice as Insolvency Professional has been suspended for a period of two years effective 12.02.2024. 3. Vide the Impugned Judgment, the Writ Petition was dismissed by the learned Single Judge by upholding the Order on the ground that the determination made by the Respondent that the Appellant had contravened the provisions of the Insolvency and Bankruptcy Code, 2016 (“Code”) and its Regulations, and observing that as the Order was passed after due consideration of all the relevant material placed before the Respondent, no interference was required under the writ jurisdiction of Article 226 of the Constitution of India, 1950. 4. Being aggrieved by the Impugned Judgment, the Ap