https://www.taxtmi.com/caselaws?id=386971 The Tribunal ruled in favor of the Resolution Professional (RP) in a case involving immediate custody and control of assets under the Insolvency and Bankruptcy Code, 2016. Despite possession by another company and previous proceedings, the asset was deemed to belong to the Corporate Debtor, entitling the RP to custody. Additionally, the Tribunal directed former directors to produce company records during the Corporate Insolvency Resolution Process, citing their ongoing involvement in financial matters. Failure to comply would result in assistance from the District Collector. en-us Wed, 17 Jul 2019 00:00:00 +0530 Mon, 14 Oct 2019 09:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386971 The Tribunal ruled in favor of the Resolution Professional (RP) in a case involving immediate custody and control of assets under the Insolvency and Bankruptcy Code, 2016. Despite possession by another company and previous proceedings, the asset was deemed to belong to the Corporate Debtor, entitling the RP to custody. Additionally, the Tribunal directed former directors to produce company records during the Corporate Insolvency Resolution Process, citing their ongoing involvement in financial matters. Failure to comply would result in assistance from the District Collector. Case-Laws Insolvency and Bankruptcy Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386971