The case involves an application filed by the Resolution Professional (RP) of Smaaash Entertainment Private Limited, the Corporate Debtor, under Section 19(1) and 19(2) of the Insolvency & Bankruptcy Code, 2016 (IBC). The RP sought directions against suspended directors and others (Respondents) to extend assistance and cooperation, specifically regarding information and documentation outlined in Annexure-“15”. The application arose after the Corporate Debtor was admitted into the corporate insolvency resolution process following a petition filed by Edelweiss Asset Reconstruction Company under Section 7 of the IBC. The RP was appointed as the Interim Resolution Professional and later confirmed in that role. The Transaction Auditor required certain documents to
…Edelweiss Asset Reconstruction Company filed a petition under Section 7 of the IBC, leading to the Corporate Debtor, Smaaash Entertainment Private Limited, being admitted into the corporate insolvency resolution process on 2022-05-06. The applicant, Bhrugesh Amin, was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). During the audit, the Transaction Auditor required certain documents, which the RP requested from the Respondents, including Respondent No. 4, Deputy General Manager, Finance & Accounts. The RP sent multiple emails between 2022-08-01 and 2022-10-06, but the documents were not provided. The Respondents, including suspended directors and former employees, cited reasons such as termination of
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Smaaash Entertainment Private Limited…
The RP sent an email to Respondent No. 4…
The case involves an application filed by the Resolution Professional (RP) of Smaaash Entertainment Private Limited, the Corporate Debtor, under Section 19(1) and 19(2) of the Insolvency & Bankruptcy Code, 2016 (IBC). The RP sought directions against suspended directors and others (Respondents) to extend assistance and cooperation, specifically regarding information and documentation outlined in Annexure-“15”. The application arose after the Corporate Debtor was admitted into the corporate insolvency resolution process following a petition filed by Edelweiss Asset Reconstruction Company under Section 7 of the IBC. The RP was appointed as the Interim Resolution Professional and later confirmed in that role. The Transaction Auditor required certain documents to
…Edelweiss Asset Reconstruction Company filed a petition under Section 7 of the IBC, leading to the Corporate Debtor, Smaaash Entertainment Private Limited, being admitted into the corporate insolvency resolution process on 2022-05-06. The applicant, Bhrugesh Amin, was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP). During the audit, the Transaction Auditor required certain documents, which the RP requested from the Respondents, including Respondent No. 4, Deputy General Manager, Finance & Accounts. The RP sent multiple emails between 2022-08-01 and 2022-10-06, but the documents were not provided. The Respondents, including suspended directors and former employees, cited reasons such as termination of
…Smaaash Entertainment Private Limited…
The RP sent an email to Respondent No. 4…