The case pertains to BITUMEN CORPORATION [INDIA] PRIVATE LIMITED VS JANGIPUR BITUMEN PRIVATE LIMITED. The IRP, Ms. Savita Agarwal, is present in person. Two suspended members of the Board of Directors of the Corporate Debtor were directed to be present physically in Court. Counsel for the suspended members submits that both directors are present, with one being bedridden and his wife being a 'pardansin' lady.
The case involves BITUMEN CORPORATION [INDIA] PRIVATE LIMITED and JANGIPUR BITUMEN PRIVATE LIMITED. The IRP, Ms. Savita Agarwal, is present. Two suspended directors of the Corporate Debtor were ordered to appear in court. The directors claim to have provided all necessary information to the RP. The IRP intends to file for early dissolution due to the company's lack of assets to pay creditors. The court has scheduled the next hearing for 2022-06-27 and excused the directors from attending.
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Two suspended members of the Board of Directors…
Hearing held; IRP…
The case pertains to BITUMEN CORPORATION [INDIA] PRIVATE LIMITED VS JANGIPUR BITUMEN PRIVATE LIMITED. The IRP, Ms. Savita Agarwal, is present in person. Two suspended members of the Board of Directors of the Corporate Debtor were directed to be present physically in Court. Counsel for the suspended members submits that both directors are present, with one being bedridden and his wife being a 'pardansin' lady.
The case involves BITUMEN CORPORATION [INDIA] PRIVATE LIMITED and JANGIPUR BITUMEN PRIVATE LIMITED. The IRP, Ms. Savita Agarwal, is present. Two suspended directors of the Corporate Debtor were ordered to appear in court. The directors claim to have provided all necessary information to the RP. The IRP intends to file for early dissolution due to the company's lack of assets to pay creditors. The court has scheduled the next hearing for 2022-06-27 and excused the directors from attending.
Two suspended members of the Board of Directors…
Hearing held; IRP…