The case involves a contempt application filed by the Liquidator of Veracious Builders and Developers Private Limited against its suspended Directors for non-compliance with an order dated 14.12.2023, which required them to deposit/contribute approximately Rs. 13 crore into the liquidation account. The respondents had filed an appeal against the order, but it has not been effectively listed.
The Liquidator of Veracious Builders and Developers Private Limited filed a contempt application against the suspended Directors for non-compliance with an order to deposit Rs. 13 crore into the liquidation account.
The order in question was dated 14.12.2023 and was passed under Section 66 of the IBC.
The Respondents filed an appeal against the order, but it has not been effectively listed before the NCLAT.
The Corporate Debtor is involved in real estate development.
A liquidation order was passed against the Corporate Debtor on 17.01.2020.
The Liquidator had filed PUFE IA 302 of 2020 against the respondents, which was allowed on 14.12.2023.
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A petition was filed against the Corporate…
Liquidation order of…
The case involves a contempt application filed by the Liquidator of Veracious Builders and Developers Private Limited against its suspended Directors for non-compliance with an order dated 14.12.2023, which required them to deposit/contribute approximately Rs. 13 crore into the liquidation account. The respondents had filed an appeal against the order, but it has not been effectively listed.
The Liquidator of Veracious Builders and Developers Private Limited filed a contempt application against the suspended Directors for non-compliance with an order to deposit Rs. 13 crore into the liquidation account.
The order in question was dated 14.12.2023 and was passed under Section 66 of the IBC.
The Respondents filed an appeal against the order, but it has not been effectively listed before the NCLAT.
The Corporate Debtor is involved in real estate development.
A liquidation order was passed against the Corporate Debtor on 17.01.2020.
The Liquidator had filed PUFE IA 302 of 2020 against the respondents, which was allowed on 14.12.2023.
…A petition was filed against the Corporate…
Liquidation order of…