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IBC - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

CIR process - Non filing of FIR and action against offenders ...

Case Laws     Insolvency and Bankruptcy

July 31, 2019

CIR process - Non filing of FIR and action against offenders steeling goods, machineries and equipments, etc. of the CD - this Bench is conferred with power to direct Police/DM to provide assistance to the RP as contemplated u/s 429 of the Companies Act, 2013 r/w regulation 30 of CIRP Regulations, 2016 - State Machinery is under obligation to take action against the culprits causing loss to CD and also to protect the assets of the CD - direction issued

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