Resolution Professional/Liquidator has no jurisdiction to take over any asset of the subsidiary company of the Corporate Debtor, therefore, the Resolution Professional cannot take the original documents available with the subsidiary companies though he may take authenticated photocopies of those documents – Bhavik Bhimjyani Vs. Uday Vinodchandra Shah, RP of Neelkanth Township & Construction Pvt. Ltd. & Ors. – NCLAT New Delhi

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Resolution Professional/Liquidator has no jurisdiction to take over any asset of the subsidiary company of the Corporate Debtor, therefore, the Resolution Professional cannot take the original documents available with the subsidiary companies though he may take authenticated photocopies of those documents – Bhavik Bhimjyani Vs. Uday Vinodchandra Shah, RP of Neelkanth Township & Construction Pvt. Ltd. & Ors. – NCLAT New Delhi Read Post »