The case involves a petition filed to quash criminal proceedings, including an FIR, against Sanjay Kumar Agarwal, an Insolvency Professional (IP). The FIR, R.C.1(A)/2020-D, was filed by the CBI, ACB, Dhanbad, under Section 7 of the Prevention of Corruption Act, 1988, alleging that Agarwal demanded a bribe while serving as the Interim Resolution Professional (IRP) for M/s Adi Ispat Private Limited and M/s Bir Ispat Pvt. Ltd. The complainant, Amit Sarawgi, Director of M/s Adi Ispat (P) Limited, alleged that Agarwal demanded Rs. 2,00,000 per month for leniency in the insolvency resolution process and Rs. 20,00,000 for a favorable forensic audit/valuation report.
Sanjay Kumar Agarwal, an Insolvency Professional (IP), was appointed as the Interim Resolution Professional (IRP) for M/s Adi Ispat Private Limited and M/s Bir Ispat Pvt. Ltd. by the NCLT. Amit Sarawgi, Director of M/s Adi Ispat (P) Limited, filed a complaint alleging that Agarwal demanded a bribe of Rs. 2,00,000 per month for showing leniency in the insolvency resolution process and Rs. 20,00,000 for a favorable forensic audit/valuation report. The CBI conducted a trap and raid on 2020-02-11 at the company office in Giridih, where Agarwal was allegedly caught accepting illegal gratification. The FIR, R.C.1(A)/2020-D, was filed by the CBI, ACB, Dhanbad, under Section 7 of the Prevention of Corruption Act, 1988. Agarwal then filed a petition to quash the FIR, arguing
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NCLT vide order dated 22.11.2019 appointed…
NCLT vide order dated 06.01.2020 appointed…
The case involves a petition filed to quash criminal proceedings, including an FIR, against Sanjay Kumar Agarwal, an Insolvency Professional (IP). The FIR, R.C.1(A)/2020-D, was filed by the CBI, ACB, Dhanbad, under Section 7 of the Prevention of Corruption Act, 1988, alleging that Agarwal demanded a bribe while serving as the Interim Resolution Professional (IRP) for M/s Adi Ispat Private Limited and M/s Bir Ispat Pvt. Ltd. The complainant, Amit Sarawgi, Director of M/s Adi Ispat (P) Limited, alleged that Agarwal demanded Rs. 2,00,000 per month for leniency in the insolvency resolution process and Rs. 20,00,000 for a favorable forensic audit/valuation report.
Sanjay Kumar Agarwal, an Insolvency Professional (IP), was appointed as the Interim Resolution Professional (IRP) for M/s Adi Ispat Private Limited and M/s Bir Ispat Pvt. Ltd. by the NCLT. Amit Sarawgi, Director of M/s Adi Ispat (P) Limited, filed a complaint alleging that Agarwal demanded a bribe of Rs. 2,00,000 per month for showing leniency in the insolvency resolution process and Rs. 20,00,000 for a favorable forensic audit/valuation report. The CBI conducted a trap and raid on 2020-02-11 at the company office in Giridih, where Agarwal was allegedly caught accepting illegal gratification. The FIR, R.C.1(A)/2020-D, was filed by the CBI, ACB, Dhanbad, under Section 7 of the Prevention of Corruption Act, 1988. Agarwal then filed a petition to quash the FIR, arguing
…NCLT vide order dated 22.11.2019 appointed…
NCLT vide order dated 06.01.2020 appointed…