The Resolution Professional filed an application under Sections 43, 45, and 49 of the IBC, seeking directions against the respondents to contribute to the corporate debtor's assets based on a transaction audit report that identified preferential, undervalued, and fraudulent transactions.
The Corporate Debtor, Radius Estate Projects Private Limited, had a Company Petition (IB) No. 380 of 2021 filed against it by a financial creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016. The NCLT admitted this application on September 6, 2021, initiating the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. Subsequently, the Resolution Professional filed an application under Sections 43, 45, and 49 of the IBC, seeking to avoid certain transactions.
The Corporate Debtor entered into an…
The Corporate Debtor executed a Mortgage Deed…
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The Resolution Professional filed an application under Sections 43, 45, and 49 of the IBC, seeking directions against the respondents to contribute to the corporate debtor's assets based on a transaction audit report that identified preferential, undervalued, and fraudulent transactions.
The Corporate Debtor, Radius Estate Projects Private Limited, had a Company Petition (IB) No. 380 of 2021 filed against it by a financial creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016. The NCLT admitted this application on September 6, 2021, initiating the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. Subsequently, the Resolution Professional filed an application under Sections 43, 45, and 49 of the IBC, seeking to avoid certain transactions.
The Corporate Debtor entered into an…
The Corporate Debtor executed a Mortgage Deed…
Sign in to view related legal provisions.