# In the matter of VOVL Limited IA 1018 of 2020
in CP (IB) 2742-MB-2019

> NCLT judgment dated 2020-12-15. Citation: TCN-2020-NCLT-00086. The case involves an application filed by the Resolution Professional (RP) of VOVL Limited, Mr.…

- **Court:** NCLT
- **Order date:** 15 Dec 2020
- **Citation:** TCN-2020-NCLT-00086
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/vovl-limited-ia-1018-of-2020-in-cp-ib-2742-mb-2019-dc1d6df4

## Summary

### Background

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.

## Facts

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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## Issues and analysis

### Issue 1: Whether the Directors and erstwhile management of VOVL Limited have failed to cooperate with the …

**Ratio:** Section 19 of the Insolvency and Bankruptcy Code (IBC), 2016, mandates that the personnel

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**Reasoning:** The Tribunal noted that the Resolution Professional (RP) had repeatedly requested

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**Interpretation:** Section 19 of the IBC is interpreted as imposing a statutory obligation on the

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**Application:** In this case, the Directors and erstwhile management of VOVL Limited failed to

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## Parties

- **Judges:** Janab Mohammed…; Ravikumar…; +1 more
- **Appellants:** Pravin R. N…
- **Respondents:** VOVL Li…; Amir Ars…

## Timeline

- **2019-11-08 — Commencement…**: Corporate Insolvency Resolution Process…
- **2019-12-20 — First COC M…**: The Interim Resolution Professional (IRP) convened the first meeting of the Committee of…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 19(2) — Personnel to extend co-operation to interim…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-19)

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