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IBBI Cancels Insolvency Professional Registration Over CIRP Compliance and Due Diligence Lapses
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COMP-11/1/2026-IBBI/1903/253 dated 13.03.2026, issued to Shri Mohit Bipinchandra Adatiya, who is an Insolvency Professional (IP) registered with the Insolvency and Bankruptcy Board of India (IBBI/Board) with Registration No.
NPV IPE, acting through Shri Mohit Bipinchandra Adatiya, was appointed as IRP and subsequently confirmed as RP.
Shri Mohit Bipinchandra Adatiya submitted his reply on the SCN to the Board on 27.03.2026 and addendum to reply on 10.06.2026.
The SCN and its response by Shri Mohit Bipinchandra Adatiya were referred to the Disciplinary Committee (DC) for disposal.
Further, in terms of Section 206 of the Code, Shri Mohit Bipinchandra Adatiya shall not be eligible to continue his existing assignments3.7.