The Resolution Professional (RP) filed an application (IA(IBC)/300(CHE)/2024) seeking directions against the Respondents (Suspended Directors) to remit an amount of Rs. 84,04,879/- to the Corporate Debtor's account, alleging wrongful debiting during the moratorium period.
CIRP was initiated against Tuscan Consultants and Developers Private Limited based on a petition by IDBI Trusteeship Services Limited.
Mr. Ashok Mittal was appointed as the Resolution Professional (RP).
The RP alleged that the Suspended Directors illegally withdrew/diverted Rs. 84,04,879/- from the Corporate Debtor's account during the moratorium period.
The Suspended Directors claimed the transactions were genuine and related to repayments and salaries.
The CoC resolved to liquidate the Corporate Debtor due to the lack of a successful resolution plan and no realizable assets.
The Tribunal directed the Suspended Directors to remit Rs. 84,04,879/- to the Corporate Debtor's account.
Mr. Kailash Shah was appointed as the Liquidator of the Corporate Debtor.
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CIRP initiated against…
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The Resolution Professional (RP) filed an application (IA(IBC)/300(CHE)/2024) seeking directions against the Respondents (Suspended Directors) to remit an amount of Rs. 84,04,879/- to the Corporate Debtor's account, alleging wrongful debiting during the moratorium period.
CIRP was initiated against Tuscan Consultants and Developers Private Limited based on a petition by IDBI Trusteeship Services Limited.
Mr. Ashok Mittal was appointed as the Resolution Professional (RP).
The RP alleged that the Suspended Directors illegally withdrew/diverted Rs. 84,04,879/- from the Corporate Debtor's account during the moratorium period.
The Suspended Directors claimed the transactions were genuine and related to repayments and salaries.
The CoC resolved to liquidate the Corporate Debtor due to the lack of a successful resolution plan and no realizable assets.
The Tribunal directed the Suspended Directors to remit Rs. 84,04,879/- to the Corporate Debtor's account.
Mr. Kailash Shah was appointed as the Liquidator of the Corporate Debtor.
…CIRP initiated against…
Transactions from…