2018 (4) TMI 1746

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..... s have not cooperated with the Resolution Professional. The title deeds of the properties belonging to the Corporate Debtor and other records were not supplied to the Resolution Professional . The resolution process started on 23rd August, 2017 and 180 days expired on 19th February, 2018. Taking into consideration the fact already 180 days has completed and the Directors were not co-operatin .....

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..... earned counsel for the appellant submits that the resolution process has not been completed in accordance with the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the I B Code ). The details of the creditors was not recorded by the Resolution Professional nor the procedure has been followed calling for the applications from the Resolution Applicant . Without following the proc .....

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..... esolution Professional but such submission cannot be accepted as in terms of the I B Code the Board of Directors was required to co-operate with the Resolution Professional and to provide all the records including title deeds of the properties belonging to the Corporate Debtor . In absence of the record, the Resolution Professional and Committee of Creditors could not proceed. The resolu .....

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