The case involves an appeal against a decision related to insolvency proceedings. The appellant has not filed an affidavit as directed by the court. The Interim Resolution Professional (IRP) reports non-cooperation from the Board of Directors, who are not sharing information and documents. The IRP is addressing this issue with the Adjudicating Authority. The appellant's counsel claims to represent only one director, highlighting a dispute among the directors and a pending company petition. The appellant is allegedly trying to compromise the dispute with the Financial Creditor who initiated the application under Section 7.
Manoj Kumar filed an appeal related to insolvency proceedings. The appellant failed to submit an affidavit as directed by the court on July 3, 2019. The Interim Resolution Professional (IRP), Saurabh Kalia, reported that the Board of Directors are not cooperating and are withholding information despite directions issued on June 19, 2019. The IRP is addressing this lack of cooperation with the Adjudicating Authority. The appellant's counsel stated that they represent only one director and that there is a dispute among the directors, with a company petition pending. The appellant is allegedly attempting to compromise with the Financial Creditor who initiated proceedings under Section 7. Multiple interveners, including financial creditors and allottees, have raised
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Directions issued to the…
The Appella…
The case involves an appeal against a decision related to insolvency proceedings. The appellant has not filed an affidavit as directed by the court. The Interim Resolution Professional (IRP) reports non-cooperation from the Board of Directors, who are not sharing information and documents. The IRP is addressing this issue with the Adjudicating Authority. The appellant's counsel claims to represent only one director, highlighting a dispute among the directors and a pending company petition. The appellant is allegedly trying to compromise the dispute with the Financial Creditor who initiated the application under Section 7.
Manoj Kumar filed an appeal related to insolvency proceedings. The appellant failed to submit an affidavit as directed by the court on July 3, 2019. The Interim Resolution Professional (IRP), Saurabh Kalia, reported that the Board of Directors are not cooperating and are withholding information despite directions issued on June 19, 2019. The IRP is addressing this lack of cooperation with the Adjudicating Authority. The appellant's counsel stated that they represent only one director and that there is a dispute among the directors, with a company petition pending. The appellant is allegedly attempting to compromise with the Financial Creditor who initiated proceedings under Section 7. Multiple interveners, including financial creditors and allottees, have raised
…Directions issued to the…
The Appella…