The Insolvency and Bankruptcy Board of India’s (IBBI’s) disciplinary committee recently cancelled the registration of insolvency professional Chandra Prakash Jain. IBBI said Jain failed to act with the independence, diligence and candour expected of a resolution professional (RP) while handling a set of 10 insolvency proceedings that, according to the regulator, displayed a coordinated pattern and produced negligible recoveries for creditors. In