The case involves an application filed by Mr. Kothanda Raman Sivakumar and Mr. Sathyamurthy Balaji Sreedhar, who were appointed as Directors of RA-NI Precast Private Limited in an Extra-ordinary General Meeting (EoGM). They sought to be included as part of the Suspended Board of Directors and to be invited to the Committee of Creditors (CoC) meetings. A prior CP/42/2018 was filed seeking to direct the RoC to accept Form DIR-12 regarding their appointment, which was refused by Ms. Jayashree, another director, and the CP was adjourned sine die. The applicants contend they are entitled to be part of the CoC to assist the Resolution Professional and creditors with business details and assets. The Resolution Professional argued the matter was sub judice.
Mr. Kothanda Raman Sivakumar and Mr. Sathyamurthy Balaji Sreedhar were appointed as Directors of RA-NI Precast Private Limited in an Extra-ordinary General Meeting (EoGM) held on 2018-08-17. Four out of five members were present at the EoGM, with 51.62% of the voting shares in favor of their appointment. Ms. Jayashree, another director, was not present despite notice. The company was required to file Form DIR-12 with the RoC, but failed to do so because Ms. Jayashree refused to file the required form. The applicants filed CP/42/2018 seeking to direct the RoC to accept the Form DIR-12, which was adjourned sine die. The company is undergoing the CIR process. The applicants sought to be included as part of the Suspended Board of Directors and to be invited to the CoC
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Mr. Kothanda Raman Sivakumar and Mr.…
Applicants filed CP/42/2018 seeking to direct…
The case involves an application filed by Mr. Kothanda Raman Sivakumar and Mr. Sathyamurthy Balaji Sreedhar, who were appointed as Directors of RA-NI Precast Private Limited in an Extra-ordinary General Meeting (EoGM). They sought to be included as part of the Suspended Board of Directors and to be invited to the Committee of Creditors (CoC) meetings. A prior CP/42/2018 was filed seeking to direct the RoC to accept Form DIR-12 regarding their appointment, which was refused by Ms. Jayashree, another director, and the CP was adjourned sine die. The applicants contend they are entitled to be part of the CoC to assist the Resolution Professional and creditors with business details and assets. The Resolution Professional argued the matter was sub judice.
Mr. Kothanda Raman Sivakumar and Mr. Sathyamurthy Balaji Sreedhar were appointed as Directors of RA-NI Precast Private Limited in an Extra-ordinary General Meeting (EoGM) held on 2018-08-17. Four out of five members were present at the EoGM, with 51.62% of the voting shares in favor of their appointment. Ms. Jayashree, another director, was not present despite notice. The company was required to file Form DIR-12 with the RoC, but failed to do so because Ms. Jayashree refused to file the required form. The applicants filed CP/42/2018 seeking to direct the RoC to accept the Form DIR-12, which was adjourned sine die. The company is undergoing the CIR process. The applicants sought to be included as part of the Suspended Board of Directors and to be invited to the CoC
…Mr. Kothanda Raman Sivakumar and Mr.…
Applicants filed CP/42/2018 seeking to direct…