The case involves an application under Section 19(2) of the Insolvency & Bankruptcy Code, 2016. The Adjudicating Authority admitted the Corporate Debtor into Corporate Insolvency Resolution Professional (CIRP) based on a petition filed by Asset Reconstruction Company India Ltd. The Applicant, Pankaj Dhanuka, was appointed as the Interim Resolution Professional. The Applicant requested the Respondents to provide necessary assistance and information related to the Corporate Debtor. However, the Respondents cited the COVID-19 lockdown as a reason for their inability to provide the required information. The Applicant sent numerous reminders, but the Respondents continued to provide the same excuse. A fire broke out at the Corporate Debtor's plant, and the Applicant
…The Adjudicating Authority admitted Corporate Power Ltd. into Corporate Insolvency Resolution Professional (CIRP) based on a petition filed by Asset Reconstruction Company India Ltd. Pankaj Dhanuka was appointed as the Interim Resolution Professional. The Applicant requested information and assistance from the Respondents, including Manoj Kumar Jayaswal, Satish Shrikhandek, and Vipin Khodke. The Respondents repeatedly failed to provide the necessary information, citing the COVID-19 lockdown as the reason. A fire occurred at the Corporate Debtor's plant, requiring essential documents for an insurance claim, which were held by the Respondents. The Applicant sent numerous email reminders for the information, but the Respondents did not comply. The Respondents claimed that
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Adjudicating Authority admitted the Corporate…
Applicant intim…
The case involves an application under Section 19(2) of the Insolvency & Bankruptcy Code, 2016. The Adjudicating Authority admitted the Corporate Debtor into Corporate Insolvency Resolution Professional (CIRP) based on a petition filed by Asset Reconstruction Company India Ltd. The Applicant, Pankaj Dhanuka, was appointed as the Interim Resolution Professional. The Applicant requested the Respondents to provide necessary assistance and information related to the Corporate Debtor. However, the Respondents cited the COVID-19 lockdown as a reason for their inability to provide the required information. The Applicant sent numerous reminders, but the Respondents continued to provide the same excuse. A fire broke out at the Corporate Debtor's plant, and the Applicant
…The Adjudicating Authority admitted Corporate Power Ltd. into Corporate Insolvency Resolution Professional (CIRP) based on a petition filed by Asset Reconstruction Company India Ltd. Pankaj Dhanuka was appointed as the Interim Resolution Professional. The Applicant requested information and assistance from the Respondents, including Manoj Kumar Jayaswal, Satish Shrikhandek, and Vipin Khodke. The Respondents repeatedly failed to provide the necessary information, citing the COVID-19 lockdown as the reason. A fire occurred at the Corporate Debtor's plant, requiring essential documents for an insurance claim, which were held by the Respondents. The Applicant sent numerous email reminders for the information, but the Respondents did not comply. The Respondents claimed that
…Adjudicating Authority admitted the Corporate…
Applicant intim…