The case involves an application under Section 60(5) read with Section 34 of the Insolvency and Bankruptcy Code, 2016. Monotrone Leasing Private Limited, the Financial Creditor, initiated proceedings under Section 7 of the Code, which were admitted on March 12, 2020. Due to the absence of a resolution plan, Bimal Kanti Choudhury was appointed as the Liquidator on January 6, 2022. The Liquidator made a public announcement and subsequently appointed valuers to assess the Corporate Debtor's assets. However, the respondent, Animesh Mozumder, obstructed the valuation process and claimed tenancy rights over the Corporate Debtor's property, leading to the current dispute.
Monotrone Leasing Private Limited initiated insolvency proceedings against B.D. Motors Limited under Section 7 of the IBC. The application was admitted on March 12, 2020. Bimal Kanti Choudhury was appointed as the Liquidator on January 6, 2022, due to the absence of a resolution plan. The Liquidator made a public announcement on January 11, 2022, setting February 5, 2022, as the deadline for claim submissions. On January 12, 2022, the Liquidator appointed valuers to assess the Corporate Debtor's land and building. An email was sent to Respondent No.1 on January 16, 2022, seeking vacant possession of the Durgapur Unit. Respondent No.1 did not reply and allegedly obstructed the valuation process. The Liquidator personally visited the Durgapur Unit and handed over a
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Application under…
Bimal Kanti Choudhury…
The case involves an application under Section 60(5) read with Section 34 of the Insolvency and Bankruptcy Code, 2016. Monotrone Leasing Private Limited, the Financial Creditor, initiated proceedings under Section 7 of the Code, which were admitted on March 12, 2020. Due to the absence of a resolution plan, Bimal Kanti Choudhury was appointed as the Liquidator on January 6, 2022. The Liquidator made a public announcement and subsequently appointed valuers to assess the Corporate Debtor's assets. However, the respondent, Animesh Mozumder, obstructed the valuation process and claimed tenancy rights over the Corporate Debtor's property, leading to the current dispute.
Monotrone Leasing Private Limited initiated insolvency proceedings against B.D. Motors Limited under Section 7 of the IBC. The application was admitted on March 12, 2020. Bimal Kanti Choudhury was appointed as the Liquidator on January 6, 2022, due to the absence of a resolution plan. The Liquidator made a public announcement on January 11, 2022, setting February 5, 2022, as the deadline for claim submissions. On January 12, 2022, the Liquidator appointed valuers to assess the Corporate Debtor's land and building. An email was sent to Respondent No.1 on January 16, 2022, seeking vacant possession of the Durgapur Unit. Respondent No.1 did not reply and allegedly obstructed the valuation process. The Liquidator personally visited the Durgapur Unit and handed over a
…Application under…
Bimal Kanti Choudhury…