Anshul Gupta Appeals IBBI's Two-Year Suspension

Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi

Order Date: 03.07.2026

Case Overview

This appeal, Company Appeal (AT) (Insolvency) No. 1139 of 2026, was filed by Mr. Anshul Gupta against an order dated 16.06.2026 passed by the Insolvency and Bankruptcy Board of India (IBBI). The IBBI order was a disciplinary proceeding outcome that suspended Mr. Gupta's registration as a Resolution Professional (Registration No. IBBI/IPA-002/IPN003 10/2017-2018/10899) for a period of two years. The appellant's counsel, Mr. Krishnendu Datta, argued that although the suspension order was to come into effect after 30 days, Committees of Creditors (CoCs) were already issuing emails to take action against Mr. Gupta. The respondent IBBI, represented by Mr. Navin Kumar Pahwa, contended that the appellant's apprehension was misplaced as the order was not yet in force.

The NCLAT observed that the IBBI's order was explicitly scheduled to come into force on the expiry of 30 days from its date of issue. Consequently, until that date (approximately 15th July 2026), no action could be taken by any CoC based on that order.

Final Outcome

The tribunal adjourned the hearing of the appeal and set the next date for 09.07.2026. It allowed the IBBI one week to file its reply to the appeal. The prayer for grant of interim relief to the appellant was also scheduled to be considered on the next date of hearing.

Topics: Insolvency, Regulatory Action