The case involves an application filed under Section 19(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional against Respondent Nos. 1 to 11. The Resolution Professional is unable to collate claims or identify assets, as only R 1 & 3 were the Directors of the Corporate Debtor on the date of admission of the case. The Resolution Professional filed the application against R1 to 11, instead of filing only against R1 & 3.
An application was filed under Section 19(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional against Respondent Nos. 1 to 11. Only Respondents 1 and 3 were the Directors of the Corporate Debtor at the time of the case's admission. The Resolution Professional is unable to collate claims or identify assets, even after verifying records. The Resolution Professional is unable to perform their duties and has filed the application against all respondents instead of just Respondents 1 and 3. The court notes the Resolution Professional's inability to discharge their functions.
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Order delive…
The case involves an application filed under Section 19(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional against Respondent Nos. 1 to 11. The Resolution Professional is unable to collate claims or identify assets, as only R 1 & 3 were the Directors of the Corporate Debtor on the date of admission of the case. The Resolution Professional filed the application against R1 to 11, instead of filing only against R1 & 3.
An application was filed under Section 19(2) of the Insolvency and Bankruptcy Code, 2016, by the Resolution Professional against Respondent Nos. 1 to 11. Only Respondents 1 and 3 were the Directors of the Corporate Debtor at the time of the case's admission. The Resolution Professional is unable to collate claims or identify assets, even after verifying records. The Resolution Professional is unable to perform their duties and has filed the application against all respondents instead of just Respondents 1 and 3. The court notes the Resolution Professional's inability to discharge their functions.
Order delive…