The IBBI cancelled Chandra Prakash Jain's registration as a resolution professional. This action followed an ED probe into ten insolvency cases linked to Reliance Commercial Finance. The investigation revealed Jain allegedly ignored significant financial red flags and due diligence requirements.
Source: [Times of India](https://timesofindia.indiatimes.com/india/ed-ibc-norms-misused-for-laundering-in-rcfl-cases/articleshow/132378575.cms)