The Appellant filed an application seeking direction against the Respondent to cooperate with the Appellant/Applicant to furnish the statement of the financial position mandated in terms of Section 129 of the Code to be read with Regulation 12 of IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019.
Venkata Chalam Varanasi, the Bankruptcy Trustee, filed a Company Appeal against Mr. Ritesh Agarwal.
The Appellant sought directions against the Respondent to cooperate in furnishing the statement of financial position.
The Appellant filed a Contempt Petition alleging non-compliance with the Adjudicating Authority's order.
The Contempt Petition was filed under Section 425 of the Companies Act and Sections 10 & 12 of the Contempt of Courts Act, 1971.
The Tribunal rejected the application for contempt proceedings.
The Appellant filed an appeal against the rejection order.
The Appellate Tribunal dismissed the appeal, stating it was not maintainable as no punishment was awarded for contempt.
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Application filed by the Appellant seeking…
Adjudicating Authority passed an order in IA…
The Appellant filed an application seeking direction against the Respondent to cooperate with the Appellant/Applicant to furnish the statement of the financial position mandated in terms of Section 129 of the Code to be read with Regulation 12 of IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019.
Venkata Chalam Varanasi, the Bankruptcy Trustee, filed a Company Appeal against Mr. Ritesh Agarwal.
The Appellant sought directions against the Respondent to cooperate in furnishing the statement of financial position.
The Appellant filed a Contempt Petition alleging non-compliance with the Adjudicating Authority's order.
The Contempt Petition was filed under Section 425 of the Companies Act and Sections 10 & 12 of the Contempt of Courts Act, 1971.
The Tribunal rejected the application for contempt proceedings.
The Appellant filed an appeal against the rejection order.
The Appellate Tribunal dismissed the appeal, stating it was not maintainable as no punishment was awarded for contempt.
Application filed by the Appellant seeking…
Adjudicating Authority passed an order in IA…