The case involves an application filed by the Liquidator, Mr. S. Kannan, under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016, seeking directions against the respondents. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2017-09-15. Mr. Karthigeyan Srinivasan was appointed as Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP). Subsequently, the applicant was appointed as the Liquidator. The liquidator sought the transfer of records and accounts of the Corporate Debtor, updated to the date of the liquidation order. The IRP/RP failed to hand over the records, citing a pending matter before the NCLAT and the Supreme Court, and a status quo order until 2018-03-21. The records were maintained in cloud
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Inasra Technologies Private Limited on 2017-09-15. Mr. Karthigeyan Srinivasan was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Subsequently, Mr. S. Kannan was appointed as the Liquidator. The Liquidator filed an application seeking directions against the respondents to provide necessary documents and information. The IRP/RP failed to hand over the records, citing a pending matter before the NCLAT and the Supreme Court, and a status quo order until 2018-03-21. The records were maintained in cloud storage with Amazon Web Services, but due to non-payment of fees of Rs. 65,000/-, the electronic data was inaccessible and deleted. The
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The Corporate Insolvency Resolution Process…
A status quo order was…
The case involves an application filed by the Liquidator, Mr. S. Kannan, under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016, seeking directions against the respondents. The Corporate Insolvency Resolution Process (CIRP) was initiated on 2017-09-15. Mr. Karthigeyan Srinivasan was appointed as Interim Resolution Professional (IRP) and later confirmed as Resolution Professional (RP). Subsequently, the applicant was appointed as the Liquidator. The liquidator sought the transfer of records and accounts of the Corporate Debtor, updated to the date of the liquidation order. The IRP/RP failed to hand over the records, citing a pending matter before the NCLAT and the Supreme Court, and a status quo order until 2018-03-21. The records were maintained in cloud
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Inasra Technologies Private Limited on 2017-09-15. Mr. Karthigeyan Srinivasan was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). Subsequently, Mr. S. Kannan was appointed as the Liquidator. The Liquidator filed an application seeking directions against the respondents to provide necessary documents and information. The IRP/RP failed to hand over the records, citing a pending matter before the NCLAT and the Supreme Court, and a status quo order until 2018-03-21. The records were maintained in cloud storage with Amazon Web Services, but due to non-payment of fees of Rs. 65,000/-, the electronic data was inaccessible and deleted. The
…The Corporate Insolvency Resolution Process…
A status quo order was…