The Interim Resolution Professional (IRP), Megha Agrawal, filed an application under Sections 19(2) and 19(3) of the Insolvency and Bankruptcy Code, 2016 (IBC) against the Suspended Directors of N. Kumar Projects & Infrastructure Pvt Ltd (Corporate Debtor). The application sought directions for the Suspended Directors to cooperate by providing necessary information and documents and to facilitate the handover of the Corporate Debtor's assets for the Corporate Insolvency Resolution Process (CIRP), which was initiated on 13.02.2026. Despite repeated communications and attempts by the IRP to take control and custody of assets and records, the Suspended Directors deliberately avoided cooperation and obstructed the IRP's statutory duties.
The Interim Resolution Professional (IRP), Megha Agrawal, filed I.A. No.1206 of 2026 in C.P (IB) No. 569 of 2024 under Sections 19(2) and 19(3) of the Insolvency and Bankruptcy Code, 2016 (IBC).
The application sought directions against the Suspended Directors of the Corporate Debtor (CD) for non-cooperation in the Corporate Insolvency Resolution Process (CIRP).
The CIRP for N. Kumar Projects & Infrastructure Pvt Ltd (CD) was initiated by an order of the Tribunal dated 13.02.2026, and Megha Agrawal was appointed as the IRP.
The IRP, after public announcement on 15.02.2026, sent an intimation email on 17.02.2026 to the Respondents (Suspended Directors) about the CIRP and her proposed visit to the project site (Poonam Mall) for asset handover.
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Hon'ble Bombay High Court ordered the matter…
Corporate Insolvency Resolution Process (CIRP)…
The Interim Resolution Professional (IRP), Megha Agrawal, filed an application under Sections 19(2) and 19(3) of the Insolvency and Bankruptcy Code, 2016 (IBC) against the Suspended Directors of N. Kumar Projects & Infrastructure Pvt Ltd (Corporate Debtor). The application sought directions for the Suspended Directors to cooperate by providing necessary information and documents and to facilitate the handover of the Corporate Debtor's assets for the Corporate Insolvency Resolution Process (CIRP), which was initiated on 13.02.2026. Despite repeated communications and attempts by the IRP to take control and custody of assets and records, the Suspended Directors deliberately avoided cooperation and obstructed the IRP's statutory duties.
The Interim Resolution Professional (IRP), Megha Agrawal, filed I.A. No.1206 of 2026 in C.P (IB) No. 569 of 2024 under Sections 19(2) and 19(3) of the Insolvency and Bankruptcy Code, 2016 (IBC).
The application sought directions against the Suspended Directors of the Corporate Debtor (CD) for non-cooperation in the Corporate Insolvency Resolution Process (CIRP).
The CIRP for N. Kumar Projects & Infrastructure Pvt Ltd (CD) was initiated by an order of the Tribunal dated 13.02.2026, and Megha Agrawal was appointed as the IRP.
The IRP, after public announcement on 15.02.2026, sent an intimation email on 17.02.2026 to the Respondents (Suspended Directors) about the CIRP and her proposed visit to the project site (Poonam Mall) for asset handover.
…Hon'ble Bombay High Court ordered the matter…
Corporate Insolvency Resolution Process (CIRP)…