The case involves a petition filed by Rajiv Bhatnagar, the Resolution Professional (RP) of M/S UM Green Lighting Pvt. Ltd, seeking to set aside summons issued to him in a complaint case (C.R Case No.12/2021) filed under sections 420/406 of the IPC. The RP was appointed by the National Company Law Tribunal (NCLT), Delhi, following insolvency proceedings initiated against M/S UM Green Lighting Pvt. Ltd. The complaint case alleges offenses related to a contract awarded to M/S CSA Corporation Private Limited (formerly Orsus Agro Developers Pvt. Ltd) and the petitioner for a project involving the supply and commissioning of solar LED street lights. The petitioner argues that as an RP, he is protected from prosecution under sections 14, 223 r/w 238, and 236 of the Insolvency
…M/S UM Green Lighting Pvt. Ltd. faced insolvency proceedings, leading to the appointment of Rajiv Bhatnagar as the Resolution Professional (RP) by the NCLT on 2023-01-10. A complaint case, C.R Case No.12/2021, was filed against the company and others, including the RP, under sections 420/406 IPC. The complaint relates to a contract awarded to M/S CSA Corporation Private Limited (formerly Orsus Agro Developers Pvt. Ltd) and the petitioner for a project involving the supply and commissioning of solar LED street lights in five states under the Atal Jyoti Yojana (AJAY). The contract was awarded via Letter of Award dated 2019-02-10 and 2017-09-13. The respondents allegedly could not continue the work due to non-payment, and the petitioner company went under insolvency. The
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A moratorium was declared in terms of the…
Accused of C.R case…
The case involves a petition filed by Rajiv Bhatnagar, the Resolution Professional (RP) of M/S UM Green Lighting Pvt. Ltd, seeking to set aside summons issued to him in a complaint case (C.R Case No.12/2021) filed under sections 420/406 of the IPC. The RP was appointed by the National Company Law Tribunal (NCLT), Delhi, following insolvency proceedings initiated against M/S UM Green Lighting Pvt. Ltd. The complaint case alleges offenses related to a contract awarded to M/S CSA Corporation Private Limited (formerly Orsus Agro Developers Pvt. Ltd) and the petitioner for a project involving the supply and commissioning of solar LED street lights. The petitioner argues that as an RP, he is protected from prosecution under sections 14, 223 r/w 238, and 236 of the Insolvency
…M/S UM Green Lighting Pvt. Ltd. faced insolvency proceedings, leading to the appointment of Rajiv Bhatnagar as the Resolution Professional (RP) by the NCLT on 2023-01-10. A complaint case, C.R Case No.12/2021, was filed against the company and others, including the RP, under sections 420/406 IPC. The complaint relates to a contract awarded to M/S CSA Corporation Private Limited (formerly Orsus Agro Developers Pvt. Ltd) and the petitioner for a project involving the supply and commissioning of solar LED street lights in five states under the Atal Jyoti Yojana (AJAY). The contract was awarded via Letter of Award dated 2019-02-10 and 2017-09-13. The respondents allegedly could not continue the work due to non-payment, and the petitioner company went under insolvency. The
…A moratorium was declared in terms of the…
Accused of C.R case…