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2021 (5) TMI 678

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..... g Authority has already directed all the personnel of CD to extend full co-operation to the Applicant and the law is also clear on the issue, it is for the Applicant to discharge his duties effectively at the ground level, instead of rushing to the Tribunal raising all those issues which ought to be settled by himself, being experience Resolution professional. Therefore, the instant Application can be disposed of by directing the Respondent to extend necessary cooperation to the Applicant. Application is disposed of by the directing the Respondent to extend necessary co-operation to the Applicant in respect of CIRP of Corporate Debtor. - I.A Nos. 331 and 330 of 2020 in C.P. (IB) No. 52/BB/2017 - - - Dated:- 13-1-2021 - Rajeswara Rao .....

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..... to the Respondent and the Auditor of the Corporate Debtor requesting them to provide him with the bank details, details of business operations and other information with respect to the Corporate Debtor. Thereafter, vide email dated 11.01.2020, the Applicant informed the Respondent to hand over all the assets and management of the Corporate Debtor to him and requested the Respondent to meet him on 13.01.2020 for the handover. On 04.03.2020, an email was sent to the Respondent requesting the documents pertaining to land at Bilaspur-Nangal, Himachal Pradesh, land parcel at Kotabagh and the Production Unit at Doddaballapur. The Respondent has failed miserably in providing any assistance to the Applicant for the effective resolution of the inso .....

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..... solution Professional') under Section 19(2) of the I B Code, 2016 R/w. Rule 11 of the NCLT, Rules 2016 inter alia seeking to direct the Respondent to not travel outside India or travel outside the jurisdiction of this Hon'ble Tribunal without the prior leave and permission of this Hon'ble Tribunal; to direct the Respondent to deposit his passport with this Hon'ble Tribunal etc. 7. Heard Shri Sushanth Venkatesh Pai, learned Counsel for the Applicant and Mr. Ankur Khandelwal for the Respondent, through Video Conference. We have carefully perused the pleadings of the Parties and also extant provisions of the Code, and Rules made thereunder. 8. Shri Sushanth Venkatesh Pai, the Learned Counsel for the Applicant submits th .....

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