The application IA/525/IB/2020 was filed in CP/280/IB/2018 under sections 70, 74, and 60(5) of the Insolvency and Bankruptcy Code, 2016, read with the National Company Law Tribunal Rules, 2016. The Resolution Professional and Head - Monitoring Committee of the implementation of the Resolution Plan of M/s. Empee Distilleries Limited (Corporate Debtor) sought reliefs to direct Respondents 1 to 4 to hand over items mentioned in Annexure XI belonging to the corporate debtor, or alternatively, to permit the applicant to break open, enter, and take possession of all items mentioned in Annexure XI with police assistance.
Union Bank of India filed a petition under section 7 of the Code, 2016, against M/s. Empee Distilleries Limited (Corporate Debtor). The Corporate Debtor was put under CIRP vide order dated 01.11.2018. An Interim Resolution Professional was appointed to manage the affairs of the Corporate Debtor. The applicant was appointed as Resolution Professional of the Corporate Debtor by the Committee of Creditors (COC) in its meeting held on 27.11.2018, which was approved by the Tribunal on 13.12.2018. The Resolution Professional took steps to take control over the assets and management of the Corporate Debtor. Respondent Nos. 1 to 4 initially refused to meet the RP and did not cooperate. An application under section 19(5) of the Code was filed for directions to the former
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Corporate Debtor was put under CIRP vide order…
Meeting of the…
The application IA/525/IB/2020 was filed in CP/280/IB/2018 under sections 70, 74, and 60(5) of the Insolvency and Bankruptcy Code, 2016, read with the National Company Law Tribunal Rules, 2016. The Resolution Professional and Head - Monitoring Committee of the implementation of the Resolution Plan of M/s. Empee Distilleries Limited (Corporate Debtor) sought reliefs to direct Respondents 1 to 4 to hand over items mentioned in Annexure XI belonging to the corporate debtor, or alternatively, to permit the applicant to break open, enter, and take possession of all items mentioned in Annexure XI with police assistance.
Union Bank of India filed a petition under section 7 of the Code, 2016, against M/s. Empee Distilleries Limited (Corporate Debtor). The Corporate Debtor was put under CIRP vide order dated 01.11.2018. An Interim Resolution Professional was appointed to manage the affairs of the Corporate Debtor. The applicant was appointed as Resolution Professional of the Corporate Debtor by the Committee of Creditors (COC) in its meeting held on 27.11.2018, which was approved by the Tribunal on 13.12.2018. The Resolution Professional took steps to take control over the assets and management of the Corporate Debtor. Respondent Nos. 1 to 4 initially refused to meet the RP and did not cooperate. An application under section 19(5) of the Code was filed for directions to the former
…Corporate Debtor was put under CIRP vide order…
Meeting of the…