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        Companies Law

        2019 (1) TMI 2081 - Tri - Companies Law

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        Cooperation with resolution professional directed as promoter/director must appear and insolvency records be filed The NCLT directed production of the CoC minutes and attendance sheet in the CIRP and ordered the promoter/director to remain present on the next date. It ...
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Cooperation with resolution professional directed as promoter/director must appear and insolvency records be filed

                                The NCLT directed production of the CoC minutes and attendance sheet in the CIRP and ordered the promoter/director to remain present on the next date. It also directed the promoter/director, officials and auditor to fully cooperate with the resolution professional in the insolvency process, with the matter listed for further orders.




                                Issues: Whether directions should be issued to the corporate debtor, its promoters, officials and auditor to cooperate with the interim resolution professional in the corporate insolvency resolution process, and whether the promoter/director should be directed to remain present before the Tribunal.

                                Outcome: The Tribunal directed filing of the CoC minutes and attendance sheet, directed the promoter/director to remain present on the next date, and directed the promoter/director, officials and auditor to fully cooperate with the resolution professional. The matter was listed for further orders.


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                                ActsIncome Tax
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