The case originates from an application filed by Radico Khaitan Ltd., an operational creditor, under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking the initiation of the corporate insolvency resolution process against Ajudhia Distributors Pvt. Ltd., the corporate debtor. The Tribunal admitted the petition on 2017-05-01 and appointed Mr. Arun Kumar Khandelia as the Interim Resolution Professional (IRP). However, the corporate debtor failed to cooperate with the IRP, not attending meetings or providing necessary information. Consequently, the IRP filed an application seeking directions to the corporate debtor to provide the required information. Despite these directions, the corporate debtor continued to be non-cooperative.
Radico Khaitan Ltd., an operational creditor, filed a CP under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Ajudhia Distributors Pvt. Ltd., the corporate debtor, seeking initiation of the corporate insolvency resolution process. The Tribunal admitted the petition on 2017-05-01 and appointed Mr. Arun Kumar Khandelia as the Interim Resolution Professional (IRP). The corporate debtor failed to cooperate with the IRP by not attending meetings or providing necessary information. The IRP filed an application seeking directions to the corporate debtor to provide the required information. The Tribunal issued show cause notices to the Director, Mr. Mohit Korpal, and the corporate debtor, directing them to explain why penalties should not be imposed under
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The Tribunal admitted…
Mr. Arun Kumar…
The case originates from an application filed by Radico Khaitan Ltd., an operational creditor, under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking the initiation of the corporate insolvency resolution process against Ajudhia Distributors Pvt. Ltd., the corporate debtor. The Tribunal admitted the petition on 2017-05-01 and appointed Mr. Arun Kumar Khandelia as the Interim Resolution Professional (IRP). However, the corporate debtor failed to cooperate with the IRP, not attending meetings or providing necessary information. Consequently, the IRP filed an application seeking directions to the corporate debtor to provide the required information. Despite these directions, the corporate debtor continued to be non-cooperative.
Radico Khaitan Ltd., an operational creditor, filed a CP under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Ajudhia Distributors Pvt. Ltd., the corporate debtor, seeking initiation of the corporate insolvency resolution process. The Tribunal admitted the petition on 2017-05-01 and appointed Mr. Arun Kumar Khandelia as the Interim Resolution Professional (IRP). The corporate debtor failed to cooperate with the IRP by not attending meetings or providing necessary information. The IRP filed an application seeking directions to the corporate debtor to provide the required information. The Tribunal issued show cause notices to the Director, Mr. Mohit Korpal, and the corporate debtor, directing them to explain why penalties should not be imposed under
…The Tribunal admitted…
Mr. Arun Kumar…