As per Section 18 of IBC, Resolution Professional is only bound to include information for previous two years and not beyond – M/s Indian Sources Vs. M/s Vas Data Services Pvt. Ltd. Through RP – NCLT New Delhi Bench Court-III
Prayer regarding direction to the resolution Professional to provide the C-Forms for the Invoices, goods related to the year 2016, which is more than 2 years from the date of commencement of CIRP. The Adjudicating Authority held that from the plain reading of the Section 18 of the IBC, it is clear that the resolution professional is only bound to include information for previous two years and not beyond that and as per record, CIRP of Corporate Debtor commenced 09.04.2019, therefore, the resolution professional is duty bound to have financial position of Corporate Debtor for the year F.Y. 2017-18 and 2018-19 and not for the year 2016.
