The case involves non-compliance with a previous order dated 03.03.2020, where the ex-management of the Corporate Debtor was directed to provide tally data to the Resolution Professional (RP), now succeeded by the Liquidator. The Respondents (Nos. 1 & 2) failed to comply with this order even after two years. They claimed that the tally data was stolen when a macbook computer containing the data was stolen in January 2019, and a police complaint was filed on 04.01.2019. However, the balance sheet for the year ending 2018-19 was signed by the Ex-Director on 15.05.2019, contradicting their claim.
Punjab National Bank initiated a corporate insolvency resolution process against Gupta Marriage Halls Pvt. Ltd. The ex-management of Gupta Marriage Halls Pvt. Ltd. was directed to provide tally data to the Resolution Professional (RP), who was later succeeded by the Liquidator. The ex-management failed to comply with this order for two years, claiming that the tally data was stolen in January 2019. However, the balance sheet for the year ending 2018-19 was signed by the Ex-Director on 15.05.2019, contradicting their claim. The Respondents (Nos. 1 & 2) are the ex-management of the Corporate Debtor. The Resolution Professional is yet to file its response to the directions given in the order dated 11.11.2020. The failure to provide the tally data and the contradictory
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Ex-management directed…
Respondents claim…
The case involves non-compliance with a previous order dated 03.03.2020, where the ex-management of the Corporate Debtor was directed to provide tally data to the Resolution Professional (RP), now succeeded by the Liquidator. The Respondents (Nos. 1 & 2) failed to comply with this order even after two years. They claimed that the tally data was stolen when a macbook computer containing the data was stolen in January 2019, and a police complaint was filed on 04.01.2019. However, the balance sheet for the year ending 2018-19 was signed by the Ex-Director on 15.05.2019, contradicting their claim.
Punjab National Bank initiated a corporate insolvency resolution process against Gupta Marriage Halls Pvt. Ltd. The ex-management of Gupta Marriage Halls Pvt. Ltd. was directed to provide tally data to the Resolution Professional (RP), who was later succeeded by the Liquidator. The ex-management failed to comply with this order for two years, claiming that the tally data was stolen in January 2019. However, the balance sheet for the year ending 2018-19 was signed by the Ex-Director on 15.05.2019, contradicting their claim. The Respondents (Nos. 1 & 2) are the ex-management of the Corporate Debtor. The Resolution Professional is yet to file its response to the directions given in the order dated 11.11.2020. The failure to provide the tally data and the contradictory
…Ex-management directed…
Respondents claim…