The case involves an application by the Resolution Professional (RP) of the Corporate Debtor, Maxx Mobile Communication Limited, seeking directions against the Respondent, The Development Commissioner, to prevent them from proceeding with penalty proceedings against the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 31.01.2019. The RP argues that the Respondent's actions, including notices for outstanding dues and eviction, violate the moratorium imposed under Section 14 of the Insolvency and Bankruptcy Code (IBC), 2016. The Respondent contends that the actions were initiated before the commencement of the CIRP and therefore do not contravene the moratorium.
The Corporate Debtor, Maxx Mobile Communication Limited, faced Corporate Insolvency Resolution Process (CIRP) initiated on 31.01.2019. Ashok Kumar Dewan was appointed as the Resolution Professional (RP). The Development Commissioner, SEEPZ - Special Economic Zone, raised claims against the Corporate Debtor for government dues related to premises, amounting to ₹. 38,35,552.94/-. Notices were issued by the Estate Manager of the SEZ Authority on 08.09.2015 under the Public Premises (Eviction of Unauthorized Occupants) Act, 1971, and by the Respondent on 18.12.2015 for arrears of rent amounting to ₹. 35,53,553/-. The Corporate Debtor was also in arrears of ₹. 2,98,37,311/- towards duty. The Respondent issued a notice on 11.02.2019 under the Foreign Trade (Development and
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The case involves an application by the Resolution Professional (RP) of the Corporate Debtor, Maxx Mobile Communication Limited, seeking directions against the Respondent, The Development Commissioner, to prevent them from proceeding with penalty proceedings against the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor on 31.01.2019. The RP argues that the Respondent's actions, including notices for outstanding dues and eviction, violate the moratorium imposed under Section 14 of the Insolvency and Bankruptcy Code (IBC), 2016. The Respondent contends that the actions were initiated before the commencement of the CIRP and therefore do not contravene the moratorium.
The Corporate Debtor, Maxx Mobile Communication Limited, faced Corporate Insolvency Resolution Process (CIRP) initiated on 31.01.2019. Ashok Kumar Dewan was appointed as the Resolution Professional (RP). The Development Commissioner, SEEPZ - Special Economic Zone, raised claims against the Corporate Debtor for government dues related to premises, amounting to ₹. 38,35,552.94/-. Notices were issued by the Estate Manager of the SEZ Authority on 08.09.2015 under the Public Premises (Eviction of Unauthorized Occupants) Act, 1971, and by the Respondent on 18.12.2015 for arrears of rent amounting to ₹. 35,53,553/-. The Corporate Debtor was also in arrears of ₹. 2,98,37,311/- towards duty. The Respondent issued a notice on 11.02.2019 under the Foreign Trade (Development and
…Corporate Insolvency Resolution Process…
Public Announcement in…