The case originates from a petition filed by Ashapura Perfoclay Limited under Section 9 of the Insolvency & Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) for Mahabir Techno Ltd. Vinod Kumar Mahajan was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). CA No.3/2019 was filed by the RP seeking directions for the suspended board of directors and their associates of Mahabir Techno to submit all necessary documents, financial data, and assets to facilitate the CIRP. The respondents failed to provide the required information despite multiple opportunities.
Ashapura Perfoclay Limited initiated Corporate Insolvency Resolution Process (CIRP) against Mahabir Techno Ltd. via a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016. Vinod Kumar Mahajan was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The RP filed CA No.3/2019 seeking directions for the suspended board of directors and their associates to submit necessary documents, financial data, and assets. The respondents, including directors of Mahabir Techno, failed to provide the required information despite multiple opportunities. They claimed that the Union Bank of India had taken over the administrative office under the SARFAESI Act, and a laptop containing crucial data was lost. The RP filed a
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The case originates from a petition filed by Ashapura Perfoclay Limited under Section 9 of the Insolvency & Bankruptcy Code, 2016, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP) for Mahabir Techno Ltd. Vinod Kumar Mahajan was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). CA No.3/2019 was filed by the RP seeking directions for the suspended board of directors and their associates of Mahabir Techno to submit all necessary documents, financial data, and assets to facilitate the CIRP. The respondents failed to provide the required information despite multiple opportunities.
Ashapura Perfoclay Limited initiated Corporate Insolvency Resolution Process (CIRP) against Mahabir Techno Ltd. via a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016. Vinod Kumar Mahajan was appointed as the Interim Resolution Professional (IRP) and later as the Resolution Professional (RP). The RP filed CA No.3/2019 seeking directions for the suspended board of directors and their associates to submit necessary documents, financial data, and assets. The respondents, including directors of Mahabir Techno, failed to provide the required information despite multiple opportunities. They claimed that the Union Bank of India had taken over the administrative office under the SARFAESI Act, and a laptop containing crucial data was lost. The RP filed a
…Order was passed for initiation of Corporate…
The first meeting of…