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IBC - Highlights / Catch Notes

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CIRP - Prosecution proceedings - Failure to provide all the ...


Court Finds Prima Facie Case for Violations of Insolvency Code Sections 70, 73(b), and 19(1); Prosecution Initiated.

June 21, 2022

Case Laws     Insolvency and Bankruptcy     DSC

CIRP - Prosecution proceedings - Failure to provide all the requisite information to the RP - violation of provisions contained in Sections 70, 73 (b) and 19(1) r/w Section 235A of I&B Code - this Court is satisfied that prima facie the aforesaid offences under the Insolvency & Bankruptcy Code, 2016 have been committed by the accused person. Thus, cognizance of said offences is taken - DSC

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