Mr. Tejas K Shah, the Resolution Professional (RP) for DNB Impex Private Limited, initiated an application under Section 19(2) and Section 25(2)(a) of the IBC, 2016, due to the non-cooperation of the suspended board of management. The RP sought directions from the NCLT to compel the suspended management, including Mr. Bharatbhai Jerambhai Goyani and Mr. Dilipbhai Jerambhai Goyani, to provide necessary documents and information for the CIRP. Key documents such as audited financial statements, provisional financial statements, books of accounts, and details of assets and liabilities were not provided despite reminders. The suspended management failed to appear in multiple hearings, leading to an ex-parte proceeding. The order was pronounced on January 17, 2024.

Mr. Tejas K Shah, the Resolution Professional (RP) for DNB Impex Private Limited, initiated an application under Section 19(2) and Section 25(2)(a) of the IBC, 2016, due to the non-cooperation of the suspended board of management. The RP sought directions from the NCLT to compel the suspended management, including Mr. Bharatbhai Jerambhai Goyani and Mr. Dilipbhai Jerambhai Goyani, to provide necessary documents and information for the CIRP. Key documents such as audited financial statements, provisional financial statements, books of accounts, and details of assets and liabilities were not provided despite reminders. The suspended management failed to appear in multiple hearings, leading to an ex-parte proceeding. The order was pronounced on January 17, 2024.