Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2019 (10) TMI 1493

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Subhash Bhardwaj, Advocate and V.K. Mahajan, Resolution Professional For Respondents: Mandeep Singh Khillan, Advocate, O.P. Khurana, Ex-Director, Ranjan Sharma, Ex-Director and Shailesh Chawla, Ex-Director ORDER Ajay Kumar Vatsavayi, Member (J) 1. The instant application has been filed by the Resolution Professional of the Mahabir Techno Ltd., against respondent Nos. 1 to 5 seeking the follow .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nd are withholding and not disclosing the information supposed to be furnished by them and not furnishing the books and documents belonging to the corporate debtor, which were supposed to be maintained by them at the relevant point of time. 3. The Hon'ble NCLAT, in Ajay Kumar vs. Shree Sai Industries Pvt. Ltd. - C.A. (AT)(Insolvency) No. 616 of 2019, dated 11.07.2019, held as under:- "It is .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... in accessing books and records as well as assets of the 'Corporate Debtor'." 5. The respondents are even violated these directions also and thereby liable to be proceeded under the Contempt of Courts Act. 6. However, to give a last opportunity to the respondents, we direct the Resolution Professional to issue a fresh notice immediately to respondent Nos. 1 to 5 specifically indicating w .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates