The word ‘relevant information’ referred in Section 29(1) of IBC is only an information required by the resolution applicant to make resolution plan for the Corporate Debtor – Kushal Ltd. Vs. Kartik Baldwa – NCLAT New Delhi
NCLAT held that in the explanation annexed to Section 29, the word ‘relevant information’ is explained. It means the information required by the resolution applicant to make the resolution plan for the Corporate Debtor which shall include financial position of the Corporate Debtor. All information relating to dispute against the Corporate Debtor on any other matter pertaining to the Corporate Debtor as may be specified. Therefore, the word ‘relevant information’ referred in Section 29 (1) of IBC is only an information required by the resolution applicant i.e. appellants herein to make resolution plan for the Corporate Debtor.
