The case involves a Company Appeal (AT) (Insolvency) No. 665 of 2019 before the National Company Law Appellate Tribunal (NCLAT), New Delhi. The appellant, Mr. Gaurav Vasudeva, was required to furnish information as sought by the impugned order dated 31st May, 2019. Failure to do so would allow the Resolution Professional to notify the Adjudicating Authority for action under Section 68 of the I&B Code or other provisions of Part-II, Chapter VII of the Code.
Mr. Gaurav Vasudeva filed an appeal against an impugned order dated 31st May, 2019. The order required Mr. Vasudeva to furnish certain information. The appeal was brought before the National Company Law Appellate Tribunal (NCLAT). The NCLAT found no reason to interfere with the impugned order. The consequence of not furnishing the required information is that the Resolution Professional can bring this to the notice of the Adjudicating Authority, potentially leading to action under Section 68 of the I&B Code.
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The case involves a Company Appeal (AT) (Insolvency) No. 665 of 2019 before the National Company Law Appellate Tribunal (NCLAT), New Delhi. The appellant, Mr. Gaurav Vasudeva, was required to furnish information as sought by the impugned order dated 31st May, 2019. Failure to do so would allow the Resolution Professional to notify the Adjudicating Authority for action under Section 68 of the I&B Code or other provisions of Part-II, Chapter VII of the Code.
Mr. Gaurav Vasudeva filed an appeal against an impugned order dated 31st May, 2019. The order required Mr. Vasudeva to furnish certain information. The appeal was brought before the National Company Law Appellate Tribunal (NCLAT). The NCLAT found no reason to interfere with the impugned order. The consequence of not furnishing the required information is that the Resolution Professional can bring this to the notice of the Adjudicating Authority, potentially leading to action under Section 68 of the I&B Code.
Date of the order…
The NCLAT dismissed the…
Sign in to view related legal provisions.