The case involves an application (IA 4272/2025) filed by Mr. Vinod Balasaheb Dongare, the Resolution Professional of Esteem Press Parts Pvt. Ltd. (Corporate Debtor), under Section 66 of the Insolvency and Bankruptcy Code, 2016, seeking directions regarding fraudulent transactions.
Mr. Vinod Balasaheb Dongare, the Resolution Professional of Esteem Press Parts Pvt. Ltd., filed IA 4272/2025 under Section 66 of the IBC.
The application seeks directions regarding fraudulent transactions amounting to Rs. 2,46,01,291.
The Corporate Debtor's CIRP was initiated based on an application under Section 10 of the IBC.
The Applicant observed discrepancies during inspection and verification of the assets, noting that assets seemed to be missing from the site.
The Applicant appointed M/s. Ujjwal Gupta & Co. as Transaction Auditor to conduct an audit on avoidance transactions.
The Transaction Auditor's report flagged suspicious transactions under Section 66, including removal of inventories and misappropriation of fixed assets.
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Adjudicating Authority allowed the application…
Applicant sent an e-mail to the suspended…
The case involves an application (IA 4272/2025) filed by Mr. Vinod Balasaheb Dongare, the Resolution Professional of Esteem Press Parts Pvt. Ltd. (Corporate Debtor), under Section 66 of the Insolvency and Bankruptcy Code, 2016, seeking directions regarding fraudulent transactions.
Mr. Vinod Balasaheb Dongare, the Resolution Professional of Esteem Press Parts Pvt. Ltd., filed IA 4272/2025 under Section 66 of the IBC.
The application seeks directions regarding fraudulent transactions amounting to Rs. 2,46,01,291.
The Corporate Debtor's CIRP was initiated based on an application under Section 10 of the IBC.
The Applicant observed discrepancies during inspection and verification of the assets, noting that assets seemed to be missing from the site.
The Applicant appointed M/s. Ujjwal Gupta & Co. as Transaction Auditor to conduct an audit on avoidance transactions.
The Transaction Auditor's report flagged suspicious transactions under Section 66, including removal of inventories and misappropriation of fixed assets.
…Adjudicating Authority allowed the application…
Applicant sent an e-mail to the suspended…