The Resolution Professional filed an application seeking directions against the Respondents (erstwhile Respondents/Promoters-Directors of the Corporate Debtor) to cooperate with the Resolution Professional, provide all documents, and render assistance during the CIRP of the Corporate Debtor. This includes handing over access/control over bank accounts and management, disclosing information, and attending CoC meetings.
The Resolution Professional (S.Rajendran) filed an application (MA/65/2019) in CP/280/IB/2018 against the Respondents (including M.P.Purushothaman) seeking directions for cooperation and document handover related to the CIRP of the Corporate Debtor (Empee Distilleries Ltd). The Respondents' counsel had previously agreed to provide the documents, but the Applicant claimed non-compliance. The Respondents were not represented at the hearing. The application was filed under Section 19 of an unspecified act. The key fact is the non-compliance of the respondents in providing necessary documents to the Resolution Professional for the CIRP process.
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The Corporate Insolvency Resolution…
The application came for hearing, and the…
The Resolution Professional filed an application seeking directions against the Respondents (erstwhile Respondents/Promoters-Directors of the Corporate Debtor) to cooperate with the Resolution Professional, provide all documents, and render assistance during the CIRP of the Corporate Debtor. This includes handing over access/control over bank accounts and management, disclosing information, and attending CoC meetings.
The Resolution Professional (S.Rajendran) filed an application (MA/65/2019) in CP/280/IB/2018 against the Respondents (including M.P.Purushothaman) seeking directions for cooperation and document handover related to the CIRP of the Corporate Debtor (Empee Distilleries Ltd). The Respondents' counsel had previously agreed to provide the documents, but the Applicant claimed non-compliance. The Respondents were not represented at the hearing. The application was filed under Section 19 of an unspecified act. The key fact is the non-compliance of the respondents in providing necessary documents to the Resolution Professional for the CIRP process.
The Corporate Insolvency Resolution…
The application came for hearing, and the…