The case involves a petition under TCP/528/(IB)/2017. The Interim Resolution Professional (IRP) filed a memo stating that City Bank, Tamil Nadu Mercantile Bank, Chennai Metro Rail Limited, and Chennai Vendors Association are not cooperating with her. The respondent and abovementioned parties are not abiding by the orders of the Adjudicating Authority passed on 2017-09-01, which declared a moratorium.
The Interim Resolution Professional (IRP), Ms. Chitra Srinivas, reported a lack of cooperation from City Bank, Tamil Nadu Mercantile Bank, Chennai Metro Rail Limited, and Chennai Vendors Association. These parties were allegedly not abiding by the Adjudicating Authority's order from 2017-09-01, which imposed a moratorium. The IRP sought the court's intervention to ensure compliance and protect the corporate debtor's assets. The respondent, Mosmetro India Pvt Ltd, was represented by Shri Vijay Mehta, Power of Attorney holder. The court heard the IRP's concerns and issued directives to the involved parties.
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The case involves a petition under TCP/528/(IB)/2017. The Interim Resolution Professional (IRP) filed a memo stating that City Bank, Tamil Nadu Mercantile Bank, Chennai Metro Rail Limited, and Chennai Vendors Association are not cooperating with her. The respondent and abovementioned parties are not abiding by the orders of the Adjudicating Authority passed on 2017-09-01, which declared a moratorium.
The Interim Resolution Professional (IRP), Ms. Chitra Srinivas, reported a lack of cooperation from City Bank, Tamil Nadu Mercantile Bank, Chennai Metro Rail Limited, and Chennai Vendors Association. These parties were allegedly not abiding by the Adjudicating Authority's order from 2017-09-01, which imposed a moratorium. The IRP sought the court's intervention to ensure compliance and protect the corporate debtor's assets. The respondent, Mosmetro India Pvt Ltd, was represented by Shri Vijay Mehta, Power of Attorney holder. The court heard the IRP's concerns and issued directives to the involved parties.
Hearing held at…
Adjudicating Authority…
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