The case pertains to I.A. No. 69 of 2020 filed in C.P. (IB) No. 92/BB/2018 under Section 63 of the I&B Code, 2016. The applicant is Mr. Shankar B Iyer, the Resolution Professional (RP) of M/s. GruhaKalyana Housing Projects Private Limited. The RP sought directions to the Principal Secretary, Revenue, Government of Karnataka, and the Assistant Commissioner, Bangalore South, to hand over the assets, properties, books of accounts, and records of M/s. GruhaKalyana Housing Projects Private Limited to the RP. The Principal Secretary, Revenue Department, had rejected the RP's request, leading to the filing of the application.
Mr. Shankar B Iyer, the Resolution Professional (RP) of M/s. GruhaKalyana Housing Projects Private Limited, filed I.A. No. 69 of 2020 in C.P. (IB) No. 92/BB/2018 seeking directions to the Principal Secretary, Revenue, Government of Karnataka, and the Assistant Commissioner, Bangalore South, to hand over assets, properties, books of accounts, and records of the Corporate Debtor to the RP. The RP had previously submitted a representation to the Under Secretary, Government of Karnataka, Revenue Department, requesting the handover of these assets. However, the Principal Secretary, Revenue Department, rejected this request on 2019-12-31. The RP then filed the application, arguing that the rejection was not in accordance with the law. The RP relied on several judgments to
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Corporate Insolvency Resolution Process…
Order passed by NCLT Bengaluru Bench…
The case pertains to I.A. No. 69 of 2020 filed in C.P. (IB) No. 92/BB/2018 under Section 63 of the I&B Code, 2016. The applicant is Mr. Shankar B Iyer, the Resolution Professional (RP) of M/s. GruhaKalyana Housing Projects Private Limited. The RP sought directions to the Principal Secretary, Revenue, Government of Karnataka, and the Assistant Commissioner, Bangalore South, to hand over the assets, properties, books of accounts, and records of M/s. GruhaKalyana Housing Projects Private Limited to the RP. The Principal Secretary, Revenue Department, had rejected the RP's request, leading to the filing of the application.
Mr. Shankar B Iyer, the Resolution Professional (RP) of M/s. GruhaKalyana Housing Projects Private Limited, filed I.A. No. 69 of 2020 in C.P. (IB) No. 92/BB/2018 seeking directions to the Principal Secretary, Revenue, Government of Karnataka, and the Assistant Commissioner, Bangalore South, to hand over assets, properties, books of accounts, and records of the Corporate Debtor to the RP. The RP had previously submitted a representation to the Under Secretary, Government of Karnataka, Revenue Department, requesting the handover of these assets. However, the Principal Secretary, Revenue Department, rejected this request on 2019-12-31. The RP then filed the application, arguing that the rejection was not in accordance with the law. The RP relied on several judgments to
…Corporate Insolvency Resolution Process…
Order passed by NCLT Bengaluru Bench…