The case involves an application filed under Section 19(2) of the Code seeking cooperation from the Suspended Management/Board regarding the CIRP. The application was filed in early 2020, and as of late 2021, the RP claims to lack necessary information to complete the CIRP. Additionally, there are applications IA No.232/2020 and IA No.201/2020 where the counsel representing the respondents seeks time to file a reply. IA No.201/2020 also involves the Insolvency & Bankruptcy Board of India (IBBI) being unnecessarily made a respondent. IA NO.313/2021 is an application seeking refund of amounts advanced to the Suspended Board as per the audited accounts of the Corporate Debtor.
The Corporate Insolvency Resolution Process (CIRP) is ongoing. An application was filed under Section 19(2) of the Code seeking cooperation from the Suspended Management/Board. The RP claims to lack necessary information to complete the CIRP despite the application being filed in early 2020. There are also applications IA No.232/2020 and IA No.201/2020 where the counsel representing the respondents seeks time to file a reply. In IA No.201/2020, the IBBI was unnecessarily made a respondent. IA NO.313/2021 is an application seeking refund of amounts advanced to the Suspended Board as per the audited accounts of the Corporate Debtor. The relevance of the facts is to show the progress and issues in the CIRP process, the need for cooperation from the suspended board, and
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Application filed under Section 19(2) of the…
Hearing held…
The case involves an application filed under Section 19(2) of the Code seeking cooperation from the Suspended Management/Board regarding the CIRP. The application was filed in early 2020, and as of late 2021, the RP claims to lack necessary information to complete the CIRP. Additionally, there are applications IA No.232/2020 and IA No.201/2020 where the counsel representing the respondents seeks time to file a reply. IA No.201/2020 also involves the Insolvency & Bankruptcy Board of India (IBBI) being unnecessarily made a respondent. IA NO.313/2021 is an application seeking refund of amounts advanced to the Suspended Board as per the audited accounts of the Corporate Debtor.
The Corporate Insolvency Resolution Process (CIRP) is ongoing. An application was filed under Section 19(2) of the Code seeking cooperation from the Suspended Management/Board. The RP claims to lack necessary information to complete the CIRP despite the application being filed in early 2020. There are also applications IA No.232/2020 and IA No.201/2020 where the counsel representing the respondents seeks time to file a reply. In IA No.201/2020, the IBBI was unnecessarily made a respondent. IA NO.313/2021 is an application seeking refund of amounts advanced to the Suspended Board as per the audited accounts of the Corporate Debtor. The relevance of the facts is to show the progress and issues in the CIRP process, the need for cooperation from the suspended board, and
…Application filed under Section 19(2) of the…
Hearing held…