India, April 1 -- The Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of an insolvency professional for two years for multiple lapses in handling proceedings of Supertech Ltd and Nobility Estates.

In its order passed on March 30, the IBBI's disciplinary committee (DC) found that Hitesh Goel failed to perform his duties provided under the Insolvency and Bankruptcy Code (IBC) and related norms during the corporate insolvency resolution process of the two companies.

Supertech Ltd was admitted to insolvency proceedings in March 2022, with Goel appointed as the interim resolution professional (IRP) and later confirmed as the resolution professional.

Subsequently, the National Company Law Appellate Tribunal (NC...