The ex-director/management collectively and independently must furnish information and documents and extend full co-operation to the Liquidator for completing the required compliances to various statutes – Pankaj Srivastava Vs. Narappa Manohar Reddy – NCLT Bengaluru Bench

The instant application has been filed by Resolution Professional (Applicant) under Section 19 (2) r/w 60 (5) of the Code, 2016 interalia seeking directions to provide all the original documents in the possession of the respondents in support of acquisition of lands as appearing in the Audited Financial Statements.
The Adjudicating Authority held that it is desirable that, the respondents extent co operation to ensure that the Liquidator functions and conducts liquidation in terms of the provisions of Insolvency and Bankruptcy Code, 2016. Moreover, this Adjudicating Authority is of the view that the ex director/management collectively and independently, must furnish information and documents and extend full co operation to the liquidator for completing the required compliances to various statutes for a successful completion of the liquidation of the Corporate Debtor. The respondents should co operate with the Liquidator in respect of supply of the documents as mentioned in prayers in the IA; and they cannot escape their obligation.

The ex-director/management collectively and independently must furnish information and documents and extend full co-operation to the Liquidator for completing the required compliances to various statutes – Pankaj Srivastava Vs. Narappa Manohar Reddy – NCLT Bengaluru Bench Read Post »