The case pertains to I.A. No. 127 of 2020 filed in C.P. (IB) No. 216/BB/2018 by Mr. Ghanshyam Das Mundra, the Resolution Professional of M/s. Karuturi Global Limited, under Section 14 & 60 (5) of the Insolvency and Bankruptcy Code (IBC) r/w Rule 11 of the NCLT Rules, 2016. The application seeks certain reliefs, including prohibiting the Respondent from prosecuting O.S 95/2020, permitting the Applicant to take possession of the schedule property, and directing the local police to provide necessary assistance to the Applicant in performing his statutory duties.
Mr. Ghanshyam Das Mundra, the Resolution Professional of M/s. Karuturi Global Limited, filed I.A. No. 127 of 2020 in C.P. (IB) No. 216/BB/2018 under Section 14 & 60 (5) of the IBC r/w Rule 11 of the NCLT Rules, 2016. The application sought orders prohibiting the Respondent from prosecuting O.S 95/2020, permitting the Applicant to take possession of the schedule property, and directing the local police to provide necessary assistance. The applicant restricted the relief sought to directing the local police to provide assistance. The respondent in the application is Mr. Anil Tumu. The application was filed in the context of ongoing CIRP proceedings against Karuturi Global Limited.
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The case pertains to I.A. No. 127 of 2020 filed in C.P. (IB) No. 216/BB/2018 by Mr. Ghanshyam Das Mundra, the Resolution Professional of M/s. Karuturi Global Limited, under Section 14 & 60 (5) of the Insolvency and Bankruptcy Code (IBC) r/w Rule 11 of the NCLT Rules, 2016. The application seeks certain reliefs, including prohibiting the Respondent from prosecuting O.S 95/2020, permitting the Applicant to take possession of the schedule property, and directing the local police to provide necessary assistance to the Applicant in performing his statutory duties.
Mr. Ghanshyam Das Mundra, the Resolution Professional of M/s. Karuturi Global Limited, filed I.A. No. 127 of 2020 in C.P. (IB) No. 216/BB/2018 under Section 14 & 60 (5) of the IBC r/w Rule 11 of the NCLT Rules, 2016. The application sought orders prohibiting the Respondent from prosecuting O.S 95/2020, permitting the Applicant to take possession of the schedule property, and directing the local police to provide necessary assistance. The applicant restricted the relief sought to directing the local police to provide assistance. The respondent in the application is Mr. Anil Tumu. The application was filed in the context of ongoing CIRP proceedings against Karuturi Global Limited.
Speaking orde…
Date of the or…