This is an application (I.A. 87/2021) filed by the Resolution Professional (RP) of Minesh Prints Limited, the Corporate Debtor, against the Respondents, including the Suspended Directors and sundry debtors. The RP seeks directions from the NCLT to compel the Respondents to cooperate in the recovery of outstanding dues owed to the Corporate Debtor. The CIRP was initiated pursuant to an application filed by the Corporate Debtor's Suspended Board under Section 10 of the Insolvency & Bankruptcy Code, 2016. The RP argues that the non-cooperation of the Respondents is hindering the CIRP process.
Minesh Prints Limited is undergoing Corporate Insolvency Resolution Process (CIRP). Mr. Mahesh Sureka is the Resolution Professional (RP). The RP filed an application (I.A. 87/2021) seeking directions for cooperation from the Suspended Directors (Respondents No. 1-4) and sundry debtors (Respondents No. 5-19) of Minesh Prints Limited to recover outstanding dues. The CIRP was initiated based on an application filed by the Corporate Debtor's Suspended Board under Section 10 of the Insolvency & Bankruptcy Code, 2016. The RP claims that the Respondents are not cooperating in the recovery of debts, hindering the CIRP process. The outstanding dues from sundry debtors have been pending since June 2017. The Respondents No. 2, 3, and 4 filed a joint reply stating that the
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C.P.(IB) No. 4461/MB/201…
The Applicant was appointed as the Interim…
This is an application (I.A. 87/2021) filed by the Resolution Professional (RP) of Minesh Prints Limited, the Corporate Debtor, against the Respondents, including the Suspended Directors and sundry debtors. The RP seeks directions from the NCLT to compel the Respondents to cooperate in the recovery of outstanding dues owed to the Corporate Debtor. The CIRP was initiated pursuant to an application filed by the Corporate Debtor's Suspended Board under Section 10 of the Insolvency & Bankruptcy Code, 2016. The RP argues that the non-cooperation of the Respondents is hindering the CIRP process.
Minesh Prints Limited is undergoing Corporate Insolvency Resolution Process (CIRP). Mr. Mahesh Sureka is the Resolution Professional (RP). The RP filed an application (I.A. 87/2021) seeking directions for cooperation from the Suspended Directors (Respondents No. 1-4) and sundry debtors (Respondents No. 5-19) of Minesh Prints Limited to recover outstanding dues. The CIRP was initiated based on an application filed by the Corporate Debtor's Suspended Board under Section 10 of the Insolvency & Bankruptcy Code, 2016. The RP claims that the Respondents are not cooperating in the recovery of debts, hindering the CIRP process. The outstanding dues from sundry debtors have been pending since June 2017. The Respondents No. 2, 3, and 4 filed a joint reply stating that the
…C.P.(IB) No. 4461/MB/201…
The Applicant was appointed as the Interim…