The case involves an application (MA/606/2019) in a Corporate Insolvency Resolution Process (CIRP) with petition number CP/141/IB/2018. The Resolution Professional's counsel is present, as is the Respondent's counsel, who has filed an affidavit detailing documents already provided and those yet to be provided to the Resolution Professional. The record is with the Auditor, and the audit is incomplete. 100 days have passed in the CIRP, but necessary documents, including tally backups, have not been provided by the Respondent/suspended Director.
K. Muruganandan is the petitioner in a corporate insolvency resolution process against Samaara Leathers Pvt Ltd. The respondent, Mr. Medekar Intisar Mohamed, has not provided necessary documents, including tally backups, to the Resolution Professional despite 100 days having passed in the CIRP. The audit is incomplete, and the record is with the Auditor, A.K. Rajagopalan & Co. The court is concerned about the delay and lack of cooperation from the respondent/suspended director in providing the necessary documents for the CIRP.
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Corporate Insolvency Resolution Process…
Hearing held at 10:30…
The case involves an application (MA/606/2019) in a Corporate Insolvency Resolution Process (CIRP) with petition number CP/141/IB/2018. The Resolution Professional's counsel is present, as is the Respondent's counsel, who has filed an affidavit detailing documents already provided and those yet to be provided to the Resolution Professional. The record is with the Auditor, and the audit is incomplete. 100 days have passed in the CIRP, but necessary documents, including tally backups, have not been provided by the Respondent/suspended Director.
K. Muruganandan is the petitioner in a corporate insolvency resolution process against Samaara Leathers Pvt Ltd. The respondent, Mr. Medekar Intisar Mohamed, has not provided necessary documents, including tally backups, to the Resolution Professional despite 100 days having passed in the CIRP. The audit is incomplete, and the record is with the Auditor, A.K. Rajagopalan & Co. The court is concerned about the delay and lack of cooperation from the respondent/suspended director in providing the necessary documents for the CIRP.
Corporate Insolvency Resolution Process…
Hearing held at 10:30…