The case involves a contempt petition (Cont. Pet. 40/2023) and two interlocutory applications (IA-2078/2023 and IA-5756/2020) before the National Company Law Tribunal (NCLT), New Delhi Bench. The matter arises from a previous order dated 12.11.2021, where the Successful Resolution Applicant (SRA) was found responsible for fraudulent transactions under Section 66 of the IBC, 2016. The forensic audit identified misappropriation of funds amounting to Rs. 29,75,73,550 by the respondents, intending to defraud the creditors of the corporate debtor. The NCLT is considering the approval of the Resolution Plan and related issues.
1. M/s. A. C. Goel Paper Distributing Co. (P) Ltd. filed a contempt petition and interlocutory applications.
2. M/s. Webtech Packaging (India) Pvt. Ltd. is the respondent.
3. An order dated 12.11.2021 found the Successful Resolution Applicant (SRA) responsible for fraudulent transactions under Section 66 of the IBC, 2016.
4. A forensic audit identified misappropriation of Rs. 29,75,73,550 by the respondents, intending to defraud the creditors of the corporate debtor.
5. The respondents/Suspended Board of Directors of the Corporate Debtor carried on the business with intent to defraud the creditors.
6. The RP/Applicant was directed to institute a criminal prosecution against the respondents under Section 69 of the IBC.
7. The SRA is the promoter/ex-director of the Corporate
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Order passed in IA-102/2021 finding the…
Order delivered rejecting the Resolution Plan…
The case involves a contempt petition (Cont. Pet. 40/2023) and two interlocutory applications (IA-2078/2023 and IA-5756/2020) before the National Company Law Tribunal (NCLT), New Delhi Bench. The matter arises from a previous order dated 12.11.2021, where the Successful Resolution Applicant (SRA) was found responsible for fraudulent transactions under Section 66 of the IBC, 2016. The forensic audit identified misappropriation of funds amounting to Rs. 29,75,73,550 by the respondents, intending to defraud the creditors of the corporate debtor. The NCLT is considering the approval of the Resolution Plan and related issues.
1. M/s. A. C. Goel Paper Distributing Co. (P) Ltd. filed a contempt petition and interlocutory applications.
2. M/s. Webtech Packaging (India) Pvt. Ltd. is the respondent.
3. An order dated 12.11.2021 found the Successful Resolution Applicant (SRA) responsible for fraudulent transactions under Section 66 of the IBC, 2016.
4. A forensic audit identified misappropriation of Rs. 29,75,73,550 by the respondents, intending to defraud the creditors of the corporate debtor.
5. The respondents/Suspended Board of Directors of the Corporate Debtor carried on the business with intent to defraud the creditors.
6. The RP/Applicant was directed to institute a criminal prosecution against the respondents under Section 69 of the IBC.
7. The SRA is the promoter/ex-director of the Corporate
Order passed in IA-102/2021 finding the…
Order delivered rejecting the Resolution Plan…