NOIDA, April 1 -- The Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of insolvency professional Hitesh Goel for two years, following a disciplinary committee's finding of multiple lapses in the corporate insolvency resolution processes (CIRPs) of Supertech Ltd and Nobility Estates Pvt Ltd.

In an order dated March 30, the IBBI's disciplinary committee found Goel guilty of nine specific contraventions of the Insolvency and Bankruptcy Code (IBC), 2016, and the regulations made thereunder. The lapses included failure to disclose material information in the information memorandum (IM), failure to convene the first meeting of the Committee of Creditors (CoC) within the prescribed timeline, and inordinate delay i...