This case involves IA 1835/2022 filed by the liquidator of Dhavalpratapsinh Mohitepatil Agro Industries Limited, seeking initiation of contempt proceedings against the suspended directors for obstructing the liquidation process. The corporate insolvency resolution process (CIRP) was initiated based on a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), which was admitted on February 20, 2020. Subsequently, an application for liquidation was approved on July 29, 2021, and the applicant was appointed as the liquidator.
A petition under Section 7 of the Insolvency & Bankruptcy Code, 2016, was admitted on February 20, 2020, initiating the Corporate Insolvency Resolution Process (CIRP) for Dhavalpratapsinh Mohitepatil Agro Industries Limited. Subsequently, an application for liquidation was approved on July 29, 2021, and Mr. Dharit Kishorbhai Shah was appointed as the liquidator. The liquidator filed IA 1835/2022 seeking contempt proceedings against the suspended directors for obstructing the liquidation process. The liquidator faced resistance and unlawful restraint when attempting to take possession of the plant premises on January 30, 2021, despite a prior order dated January 21, 2021, directing the handover of possession. The liquidator filed multiple complaints with the police,
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The Tribunal admitted the petition filed under…
The Tribunal passed an order directing the…
This case involves IA 1835/2022 filed by the liquidator of Dhavalpratapsinh Mohitepatil Agro Industries Limited, seeking initiation of contempt proceedings against the suspended directors for obstructing the liquidation process. The corporate insolvency resolution process (CIRP) was initiated based on a petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), which was admitted on February 20, 2020. Subsequently, an application for liquidation was approved on July 29, 2021, and the applicant was appointed as the liquidator.
A petition under Section 7 of the Insolvency & Bankruptcy Code, 2016, was admitted on February 20, 2020, initiating the Corporate Insolvency Resolution Process (CIRP) for Dhavalpratapsinh Mohitepatil Agro Industries Limited. Subsequently, an application for liquidation was approved on July 29, 2021, and Mr. Dharit Kishorbhai Shah was appointed as the liquidator. The liquidator filed IA 1835/2022 seeking contempt proceedings against the suspended directors for obstructing the liquidation process. The liquidator faced resistance and unlawful restraint when attempting to take possession of the plant premises on January 30, 2021, despite a prior order dated January 21, 2021, directing the handover of possession. The liquidator filed multiple complaints with the police,
…The Tribunal admitted the petition filed under…
The Tribunal passed an order directing the…