The case involves an Interlocutory Application No. IA(IBC) 38/KOB/2022 filed under Sections 35(1)(n) and 60(5) of the Insolvency and Bankruptcy Code, 2016, by the Liquidator, Mr. Shawn Jeff Christopher, concerning Achariya Techno Solutions (India) Pvt. Ltd., a company undergoing liquidation. The application seeks directions to banks to provide details and freeze accounts operated by Mr. Reji Sivankutty and Mrs. Revathy Radhakrishnan, who are allegedly liable to return funds identified as preferential transactions. The liquidation process for the Corporate Debtor commenced on 19.02.2020, and a dissolution application was filed on 19.08.2021. Previous orders directed Mr. Sivankutty and Mrs. Radhakrishnan to return a sum of Rs. 48,78,397 to Achariya Techno Solution
…Achariya Techno Solutions (India) Pvt. Ltd. is undergoing liquidation, with the process commencing on 19.02.2020. The Liquidator, Mr. Shawn Jeff Christopher, filed an application to recover funds from Mr. Reji Sivankutty and Mrs. Revathy Radhakrishnan, who were found to have engaged in preferential transactions amounting to Rs. 48,78,397. A previous Tribunal order dated 21.12.2021 directed Mr. Sivankutty and Mrs. Radhakrishnan to return these funds, but they failed to comply. The Liquidator identified banks where Mr. Sivankutty and Mrs. Radhakrishnan held accounts and requested information. Mr. Sivankutty protested the freeze action. Respondent No. 1 stated that no account was found in the names of Mr. Reji Sivankutty and Mrs Revathy Radhakrishnan. Respondent No.4
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The 'Liquidation…
Dissolution app…
The case involves an Interlocutory Application No. IA(IBC) 38/KOB/2022 filed under Sections 35(1)(n) and 60(5) of the Insolvency and Bankruptcy Code, 2016, by the Liquidator, Mr. Shawn Jeff Christopher, concerning Achariya Techno Solutions (India) Pvt. Ltd., a company undergoing liquidation. The application seeks directions to banks to provide details and freeze accounts operated by Mr. Reji Sivankutty and Mrs. Revathy Radhakrishnan, who are allegedly liable to return funds identified as preferential transactions. The liquidation process for the Corporate Debtor commenced on 19.02.2020, and a dissolution application was filed on 19.08.2021. Previous orders directed Mr. Sivankutty and Mrs. Radhakrishnan to return a sum of Rs. 48,78,397 to Achariya Techno Solution
…Achariya Techno Solutions (India) Pvt. Ltd. is undergoing liquidation, with the process commencing on 19.02.2020. The Liquidator, Mr. Shawn Jeff Christopher, filed an application to recover funds from Mr. Reji Sivankutty and Mrs. Revathy Radhakrishnan, who were found to have engaged in preferential transactions amounting to Rs. 48,78,397. A previous Tribunal order dated 21.12.2021 directed Mr. Sivankutty and Mrs. Radhakrishnan to return these funds, but they failed to comply. The Liquidator identified banks where Mr. Sivankutty and Mrs. Radhakrishnan held accounts and requested information. Mr. Sivankutty protested the freeze action. Respondent No. 1 stated that no account was found in the names of Mr. Reji Sivankutty and Mrs Revathy Radhakrishnan. Respondent No.4
…The 'Liquidation…
Dissolution app…