The case involves an application filed by the Resolution Professional (RP) of VOVL Limited, Mr. Pravin R Navandar, under Section 19(2) read with Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, against the Directors of the Corporate Debtor, VOVL Limited, seeking necessary directions for cooperation. The Corporate Insolvency Resolution Process (CIRP) of VOVL Limited commenced on 8 November 2019. The RP alleges that the Directors and erstwhile management of the Corporate Debtor have failed to provide necessary information and assistance despite repeated requests, hindering the CIRP. The RP seeks the Tribunal's intervention to compel the Directors to cooperate and provide the required documents and information.
1. The Resolution Professional (RP) of VOVL Limited, Mr. Pravin R Navandar, filed an application under Section 19(2) read with Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, against the Directors of the Corporate Debtor, VOVL Limited, seeking necessary directions for cooperation.
2. The Corporate Insolvency Resolution Process (CIRP) of VOVL Limited commenced on 8 November 2019.
3. The RP alleges that the Directors and erstwhile management of the Corporate Debtor have failed to provide necessary information and assistance despite repeated requests, hindering the CIRP.
4. The RP sent a letter dated 6 February 2020, to each of the Respondents, informing them of his appointment and requesting various documents and information pertaining to the Corporate
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Corporate Insolvency…
The Interim Resolution Professional (IRP)…
The case involves an application filed by the Resolution Professional (RP) of VOVL Limited, Mr. Pravin R Navandar, under Section 19(2) read with Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, against the Directors of the Corporate Debtor, VOVL Limited, seeking necessary directions for cooperation. The Corporate Insolvency Resolution Process (CIRP) of VOVL Limited commenced on 8 November 2019. The RP alleges that the Directors and erstwhile management of the Corporate Debtor have failed to provide necessary information and assistance despite repeated requests, hindering the CIRP. The RP seeks the Tribunal's intervention to compel the Directors to cooperate and provide the required documents and information.
1. The Resolution Professional (RP) of VOVL Limited, Mr. Pravin R Navandar, filed an application under Section 19(2) read with Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, against the Directors of the Corporate Debtor, VOVL Limited, seeking necessary directions for cooperation.
2. The Corporate Insolvency Resolution Process (CIRP) of VOVL Limited commenced on 8 November 2019.
3. The RP alleges that the Directors and erstwhile management of the Corporate Debtor have failed to provide necessary information and assistance despite repeated requests, hindering the CIRP.
4. The RP sent a letter dated 6 February 2020, to each of the Respondents, informing them of his appointment and requesting various documents and information pertaining to the Corporate
Corporate Insolvency…
The Interim Resolution Professional (IRP)…