The Interim Resolution Professional (IRP) filed an application under Sections 65 and 77 of the IBC, 2016, alleging fraud and non-disclosure of material particulars by the Corporate Debtor (CD) and its directors in their application for Corporate Insolvency Resolution Process (CIRP). The IRP sought directions against the suspended directors for their fraudulent conduct.
An application was filed by the Interim Resolution Professional (IRP), Anurag Sharma, under Section 65 read with Section 77 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking directions. The IRP was proposed by the Corporate Applicant, M/s. Alpfly Private Limited, in the main Company Petition, which was initiated by the Company itself under Section 10 of IBC for Corporate Insolvency Resolution Process (CIRP). The IRP alleged that the petition was filed based on fraud and without disclosing material particulars. The IRP highlighted several instances of alleged fraud by the Corporate Debtor (CD) and its suspended directors. These included the non-disclosure of a complete bank account with Axis Bank, which had significant transactions with HDFC Bank and Alpha Soft
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Board Resolution passed by Alpfly Private…
Main Company Petition (CP-IB-358/ND/2018) filed…
The Interim Resolution Professional (IRP) filed an application under Sections 65 and 77 of the IBC, 2016, alleging fraud and non-disclosure of material particulars by the Corporate Debtor (CD) and its directors in their application for Corporate Insolvency Resolution Process (CIRP). The IRP sought directions against the suspended directors for their fraudulent conduct.
An application was filed by the Interim Resolution Professional (IRP), Anurag Sharma, under Section 65 read with Section 77 of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking directions. The IRP was proposed by the Corporate Applicant, M/s. Alpfly Private Limited, in the main Company Petition, which was initiated by the Company itself under Section 10 of IBC for Corporate Insolvency Resolution Process (CIRP). The IRP alleged that the petition was filed based on fraud and without disclosing material particulars. The IRP highlighted several instances of alleged fraud by the Corporate Debtor (CD) and its suspended directors. These included the non-disclosure of a complete bank account with Axis Bank, which had significant transactions with HDFC Bank and Alpha Soft
…Board Resolution passed by Alpfly Private…
Main Company Petition (CP-IB-358/ND/2018) filed…