https://www.taxtmi.com/caselaws?id=418655 The Adjudicating Authority determined that suspended directors were obligated to provide documents and cooperate with the Resolution Professional, directing the initiation of a criminal case under Section 70 of the IBC. The Appellant argued all documents were submitted, shifting responsibility to Respondent No.2. The Authority's exercise of power under Section 19(2) was upheld, clarifying that prosecution under Section 70 must be initiated by specific entities, not the Resolution Professional. The Tribunal clarified the procedural requirements for prosecution under Section 70 and disposed of the appeal accordingly. en-us Mon, 21 Feb 2022 00:00:00 +0530 Tue, 22 Feb 2022 07:22:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418655 The Adjudicating Authority determined that suspended directors were obligated to provide documents and cooperate with the Resolution Professional, directing the initiation of a criminal case under Section 70 of the IBC. The Appellant argued all documents were submitted, shifting responsibility to Respondent No.2. The Authority's exercise of power under Section 19(2) was upheld, clarifying that prosecution under Section 70 must be initiated by specific entities, not the Resolution Professional. The Tribunal clarified the procedural requirements for prosecution under Section 70 and disposed of the appeal accordingly. Case-Laws Insolvency and Bankruptcy Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418655