As per the complaint dated May 3 filed with the Central Bureau of Investigation (CBI), it was alleged that after the settlement between the operational creditor and the company, Guardian Homes, Maity had approached the latter and demanded an additional amount of ₹20 lakh in addition to his fees of ₹4 lakh. He allegedly threatened the complainant that failure to pay the additional amount would result in coercive actions against Guardian Homes such as seizure of bank accounts, publication of notice of liquidation, etc.
On receiving the complaint, the CBI conducted an operation after which a third party individual acting on behalf of the IP was arrested with an initial payment of ₹2 lakh, followed by the arrest of the IP himself. The CBI is still investigating the matter and based on incriminating documents found at the premises of the accused, a First Information Report (FIR) was registered on May 4.
On going through the FIR, the Disciplinary Committee found that the allegations were serious in nature and led to a contravention of multiple provisions of the Insolvency and Bankruptcy Code, 2016 as well as the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017.
Source: Barandbench
