The case involves a dispute regarding the payment of pending dues/custom duty by the Resolution Professional (RP) during the Corporate Insolvency Resolution Process (CIRP). The suspended management is pressing for the RP to make these payments, while the Custom Department's counsel disputes the facts and denies any coercive steps being taken.
The case pertains to C A No.311/2018 in CP No.(IB) 223/ALD/2018 before the National Company Law Tribunal, Allahabad Bench. The corporate debtor is Satya Narayan Jhunjhunwala V/s. JVL Agro Industires Ltd. The suspended management is seeking direction for the RP to pay pending dues/custom duty that were immediately prior to the CIRP to avoid coercive steps by the Department against the concerned employee of the Corporate Debtor. The Custom Department's counsel disputes these facts, stating that no coercive steps are being taken. The RP has stated that there is no clash of interest between the RP and the Custom Department regarding the payment of custom duty during the CIRP period.
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Hearing of Allahabad…
The matter is…
The case involves a dispute regarding the payment of pending dues/custom duty by the Resolution Professional (RP) during the Corporate Insolvency Resolution Process (CIRP). The suspended management is pressing for the RP to make these payments, while the Custom Department's counsel disputes the facts and denies any coercive steps being taken.
The case pertains to C A No.311/2018 in CP No.(IB) 223/ALD/2018 before the National Company Law Tribunal, Allahabad Bench. The corporate debtor is Satya Narayan Jhunjhunwala V/s. JVL Agro Industires Ltd. The suspended management is seeking direction for the RP to pay pending dues/custom duty that were immediately prior to the CIRP to avoid coercive steps by the Department against the concerned employee of the Corporate Debtor. The Custom Department's counsel disputes these facts, stating that no coercive steps are being taken. The RP has stated that there is no clash of interest between the RP and the Custom Department regarding the payment of custom duty during the CIRP period.
Hearing of Allahabad…
The matter is…