The case originates from a corporate insolvency resolution process (CIRP) initiated under CP/571IB/2017. Tharuvai Ramachandran Ravichandran is the petitioner, and R.V.Steels Pvt Ltd is the respondent. A representative of R6 appeared, claiming authorization from Promoter-Directors (R4 and R5), and provided an undertaking to grant access to the Corporate Debtor's plant and machinery to the Resolution Professional/Liquidator. The Liquidator agreed to accompany R6. The Bench recorded this undertaking as a direction against R6, compelling access to the assets. The matter was scheduled for reporting compliance on 16.04.2019. The relevant sections of the IBC are 60(5), 34(3), and 35(1).

The case originates from a corporate insolvency resolution process (CIRP) initiated under CP/571IB/2017. Tharuvai Ramachandran Ravichandran is the petitioner, and R.V.Steels Pvt Ltd is the respondent. A representative of R6 appeared, claiming authorization from Promoter-Directors (R4 and R5), and provided an undertaking to grant access to the Corporate Debtor's plant and machinery to the Resolution Professional/Liquidator. The Liquidator agreed to accompany R6. The Bench recorded this undertaking as a direction against R6, compelling access to the assets. The matter was scheduled for reporting compliance on 16.04.2019. The relevant sections of the IBC are 60(5), 34(3), and 35(1).