The case involves an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Several IAs (Interlocutory Applications) are being addressed, including IA-2408/2023, IA-2410/2023, IA-2412/2023, IA-2419/2023, and IA-1909/2023. The IAs relate to various aspects of the insolvency resolution process, including status reports, notices to respondents, and cooperation from respondents in providing information to the Resolution Professional (RP).
Morari Commercial Pvt. Ltd. filed an application against Unik Bazar Ltd. under Section 7 of the IBC, 2016. The IRP submitted a status report, which the court has taken on record. Certain respondents sought time to file replies to the notices issued. The RP is seeking cooperation from the respondents to obtain necessary information for the insolvency resolution process. The RP also seeks police protection for the assets of the Corporate Debtor. The court has directed the Police Commissioner of Noida to provide a report on the actions taken to protect the assets, indicating concerns about the security of the Corporate Debtor's assets. The court is actively involved in ensuring the smooth progression of the insolvency resolution process by addressing various interlocutory
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The case involves an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Several IAs (Interlocutory Applications) are being addressed, including IA-2408/2023, IA-2410/2023, IA-2412/2023, IA-2419/2023, and IA-1909/2023. The IAs relate to various aspects of the insolvency resolution process, including status reports, notices to respondents, and cooperation from respondents in providing information to the Resolution Professional (RP).
Morari Commercial Pvt. Ltd. filed an application against Unik Bazar Ltd. under Section 7 of the IBC, 2016. The IRP submitted a status report, which the court has taken on record. Certain respondents sought time to file replies to the notices issued. The RP is seeking cooperation from the respondents to obtain necessary information for the insolvency resolution process. The RP also seeks police protection for the assets of the Corporate Debtor. The court has directed the Police Commissioner of Noida to provide a report on the actions taken to protect the assets, indicating concerns about the security of the Corporate Debtor's assets. The court is actively involved in ensuring the smooth progression of the insolvency resolution process by addressing various interlocutory
…Reference to the order…
Order delivered on…