The case involves a corporate insolvency resolution process (CIRP) initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional (RP) faced obstruction in taking control of the Corporate Debtor, Shivam Water Treaters Pvt Ltd. The ex-directors, Mr. Gaurav Dave and his son Mr. Vishal Dave, allegedly did not cooperate with the RP, refused to hand over property possession, and obstructed access to the Corporate Debtor's premises. The Ahmedabad Municipal Corporation (AMC) sealed the Corporate Debtor's office for non-payment of municipal taxes, even after the moratorium was imposed under Section 14 of the IBC.
The Resolution Professional (RP) was appointed for Shivam Water Treaters Pvt Ltd under the Insolvency and Bankruptcy Code, 2016. The RP visited the Corporate Debtor's site with police assistance but was obstructed by Mr. Vishal Dave, the son/Business Head of the Ex-director Mr. Gaurav Dave, who claimed the site identified by the RP was not the Corporate Debtor's. Mr. Vishal Dave refused to provide title documents when requested. The RP's team member, Mr. Choudhary, had previously visited the site with Mr. Gaurav Dave. The RP discovered a broken gate locked from inside. The Ahmedabad Municipal Corporation (AMC) sealed the Corporate Debtor's corporate office for non-payment of municipal taxes after the moratorium was imposed under Section 14 of the IBC. The notice and
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Moratorium orde…
Directions of Hon'ble…
The case involves a corporate insolvency resolution process (CIRP) initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional (RP) faced obstruction in taking control of the Corporate Debtor, Shivam Water Treaters Pvt Ltd. The ex-directors, Mr. Gaurav Dave and his son Mr. Vishal Dave, allegedly did not cooperate with the RP, refused to hand over property possession, and obstructed access to the Corporate Debtor's premises. The Ahmedabad Municipal Corporation (AMC) sealed the Corporate Debtor's office for non-payment of municipal taxes, even after the moratorium was imposed under Section 14 of the IBC.
The Resolution Professional (RP) was appointed for Shivam Water Treaters Pvt Ltd under the Insolvency and Bankruptcy Code, 2016. The RP visited the Corporate Debtor's site with police assistance but was obstructed by Mr. Vishal Dave, the son/Business Head of the Ex-director Mr. Gaurav Dave, who claimed the site identified by the RP was not the Corporate Debtor's. Mr. Vishal Dave refused to provide title documents when requested. The RP's team member, Mr. Choudhary, had previously visited the site with Mr. Gaurav Dave. The RP discovered a broken gate locked from inside. The Ahmedabad Municipal Corporation (AMC) sealed the Corporate Debtor's corporate office for non-payment of municipal taxes after the moratorium was imposed under Section 14 of the IBC. The notice and
…Moratorium orde…
Directions of Hon'ble…