The case originates from an application filed under Sections 70 and 72 of the Insolvency and Bankruptcy Code (IBC), 2016, and Rule 11 of the NCLT Rules, seeking relief related to offences and penalties under Chapter VII of the IBC. The applicant/RP sought directions to register a criminal complaint against the respondent for offences under various sections of the Indian Penal Code (IPC) or, alternatively, to hold a preliminary inquiry into the alleged offences.
L.K. Sivaramakrishnan, the Resolution Professional (RP) of M/s. New Chennai Township Private Limited, filed an application under Sections 70 and 72 of the Insolvency and Bankruptcy Code (IBC), 2016, and Rule 11 of the NCLT Rules, seeking certain reliefs. The application was filed against R.B. Srinivasan, CFO of Mar Limited. The RP sought directions from the Adjudicating Authority to register a criminal complaint against the respondent for offences allegedly committed under sections 191, 192, 193, 199, 200, 209, and 120-B of the Indian Penal Code (IPC), or alternatively, to hold a preliminary inquiry into these offences. The application was posted by the Registry of the Tribunal for maintainability.
Sign in to view the parties.
The order…
The case originates from an application filed under Sections 70 and 72 of the Insolvency and Bankruptcy Code (IBC), 2016, and Rule 11 of the NCLT Rules, seeking relief related to offences and penalties under Chapter VII of the IBC. The applicant/RP sought directions to register a criminal complaint against the respondent for offences under various sections of the Indian Penal Code (IPC) or, alternatively, to hold a preliminary inquiry into the alleged offences.
L.K. Sivaramakrishnan, the Resolution Professional (RP) of M/s. New Chennai Township Private Limited, filed an application under Sections 70 and 72 of the Insolvency and Bankruptcy Code (IBC), 2016, and Rule 11 of the NCLT Rules, seeking certain reliefs. The application was filed against R.B. Srinivasan, CFO of Mar Limited. The RP sought directions from the Adjudicating Authority to register a criminal complaint against the respondent for offences allegedly committed under sections 191, 192, 193, 199, 200, 209, and 120-B of the Indian Penal Code (IPC), or alternatively, to hold a preliminary inquiry into these offences. The application was posted by the Registry of the Tribunal for maintainability.
The order…