The case involves a Miscellaneous Application filed by Suman Kumar Agarwal, the Liquidator of Kolkata Conductor & Cable Private Limited, under Section 19(2) read with Section 34(3) of the Insolvency and Bankruptcy Code, 2016. The application seeks various directions against the Corporate Debtor, its directors, the Registrar of Companies, and the Oriental Bank of Commerce.
Suman Kumar Agarwal was appointed as the Liquidator of Kolkata Conductor & Cable Private Limited by an order dated 12 March, 2019.
The Liquidator made a public announcement inviting claims from stakeholders as per Section 33(1)(b)(ii) of the Insolvency and Bankruptcy Code, 2016.
The Liquidator was denied access to the registered office of the Corporate Debtor and had to paste a notice on the door.
The Liquidator received only one claim from Oriental Bank of Commerce for Rs. 24,57,73,317.32.
The Liquidator found the plant of the Corporate Debtor in a dilapidated condition with only some steel scrap and a security guard present.
The bank failed to provide details of the fixed assets and there was non-cooperation from the respondents.
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The Adjudicating Authority appointed Suman…
Respondent No.4 to take…
The case involves a Miscellaneous Application filed by Suman Kumar Agarwal, the Liquidator of Kolkata Conductor & Cable Private Limited, under Section 19(2) read with Section 34(3) of the Insolvency and Bankruptcy Code, 2016. The application seeks various directions against the Corporate Debtor, its directors, the Registrar of Companies, and the Oriental Bank of Commerce.
Suman Kumar Agarwal was appointed as the Liquidator of Kolkata Conductor & Cable Private Limited by an order dated 12 March, 2019.
The Liquidator made a public announcement inviting claims from stakeholders as per Section 33(1)(b)(ii) of the Insolvency and Bankruptcy Code, 2016.
The Liquidator was denied access to the registered office of the Corporate Debtor and had to paste a notice on the door.
The Liquidator received only one claim from Oriental Bank of Commerce for Rs. 24,57,73,317.32.
The Liquidator found the plant of the Corporate Debtor in a dilapidated condition with only some steel scrap and a security guard present.
The bank failed to provide details of the fixed assets and there was non-cooperation from the respondents.
…The Adjudicating Authority appointed Suman…
Respondent No.4 to take…