On December 20, 2014, the Bank of India informed that Om Prakash Pandey was identified as a 'wilful defaulter'. Subsequently, the bank took steps under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002, on February 12, 2015. The application under Section 7 of the I&B Code was considered barred by limitation. The Interim Resolution Professional was directed to ensure the company remains a going concern during the pendency of the appeal.

On December 20, 2014, the Bank of India informed that Om Prakash Pandey was identified as a 'wilful defaulter'. Subsequently, the bank took steps under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002, on February 12, 2015. The application under Section 7 of the I&B Code was considered barred by limitation. The Interim Resolution Professional was directed to ensure the company remains a going concern during the pendency of the appeal.