The 'Resolution Professional' filed an appeal against the order dated January 22, 2019. The order pertained to the execution of a local commission for releasing the applicant's goods from the Corporate Debtor's premises. The local commissioner was appointed to ensure no impediments during property identification by five applicants. The RP was directed to ensure goods release upon document verification and applicant identification. The RP cited being busy as a reason for non-execution, which was deemed unacceptable.
The Resolution Professional (RP) filed an appeal against an order dated January 22, 2019, which concerned the execution of a local commission. The order directed the RP to release the applicant's goods located on the Corporate Debtor's premises. A local commissioner was appointed to oversee the identification of the property by five applicants. The RP was instructed to release the goods after verifying documents and identifying each applicant. The RP stated that the commission could not be executed due to being busy, which was deemed unacceptable. The RP's counsel requested another opportunity to execute the commission. The court noted that the properties had been verified by the Local Commissioner and a Compliance Report had been submitted to the Adjudicating
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The order was issued directing the RP to…
Vide order dated 10th January 2019, the RP was…
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The 'Resolution Professional' filed an appeal against the order dated January 22, 2019. The order pertained to the execution of a local commission for releasing the applicant's goods from the Corporate Debtor's premises. The local commissioner was appointed to ensure no impediments during property identification by five applicants. The RP was directed to ensure goods release upon document verification and applicant identification. The RP cited being busy as a reason for non-execution, which was deemed unacceptable.
The Resolution Professional (RP) filed an appeal against an order dated January 22, 2019, which concerned the execution of a local commission. The order directed the RP to release the applicant's goods located on the Corporate Debtor's premises. A local commissioner was appointed to oversee the identification of the property by five applicants. The RP was instructed to release the goods after verifying documents and identifying each applicant. The RP stated that the commission could not be executed due to being busy, which was deemed unacceptable. The RP's counsel requested another opportunity to execute the commission. The court noted that the properties had been verified by the Local Commissioner and a Compliance Report had been submitted to the Adjudicating
…The order was issued directing the RP to…
Vide order dated 10th January 2019, the RP was…
Sign in to view related legal provisions.