The appellant, Comandur Parthasarathy, challenged an order dated 21.10.2024 passed in IA No. 1987/2024 in CP (IB) No. 111/95/HDB/2024, arguing that it deprived him of the opportunity to object to a report submitted under Section 95 of the I&B Code.
The Appellant challenged the impugned order on the ground that he was not given sufficient time to file objections to the report submitted under Section 95 of the I&B Code.
The Resolution Professional issued a notice on 21.06.2024 seeking information from the Appellant but provided only two days to submit the information.
Section 99(5) of the I&B Code stipulates that a person from whom information is sought under Section 99(4) shall furnish the same within seven days of receipt of such request.
The Respondent argued that the Appellant sought a copy of the company petition on 29.06.2024 and was provided the copy on 03.07.2024, and he waited till 23.07.2024 for the required information before filing the report.
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Resolution Professional issued a notice seeking…
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The appellant, Comandur Parthasarathy, challenged an order dated 21.10.2024 passed in IA No. 1987/2024 in CP (IB) No. 111/95/HDB/2024, arguing that it deprived him of the opportunity to object to a report submitted under Section 95 of the I&B Code.
The Appellant challenged the impugned order on the ground that he was not given sufficient time to file objections to the report submitted under Section 95 of the I&B Code.
The Resolution Professional issued a notice on 21.06.2024 seeking information from the Appellant but provided only two days to submit the information.
Section 99(5) of the I&B Code stipulates that a person from whom information is sought under Section 99(4) shall furnish the same within seven days of receipt of such request.
The Respondent argued that the Appellant sought a copy of the company petition on 29.06.2024 and was provided the copy on 03.07.2024, and he waited till 23.07.2024 for the required information before filing the report.
…Resolution Professional issued a notice seeking…
Appellant sough…