https://www.taxtmi.com/caselaws?id=419075 The Adjudicating Authority issued orders against the suspended Board of Directors for non-compliance with directives regarding the liquidation process and possession of assets. Despite repeated instructions, the Directors failed to cooperate, obstructing the Liquidator's duties. The judgment mandated the immediate handover of assets and directed the appointment of a responsible individual to assist the Liquidator. Police assistance was authorized to prevent interference, emphasizing strict consequences for non-compliance. The order outlined detailed compliance measures under the Insolvency and Bankruptcy Code, with the Police Commissioner tasked to provide necessary support for enforcement. en-us Wed, 16 Feb 2022 00:00:00 +0530 Thu, 03 Mar 2022 06:48:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419075 The Adjudicating Authority issued orders against the suspended Board of Directors for non-compliance with directives regarding the liquidation process and possession of assets. Despite repeated instructions, the Directors failed to cooperate, obstructing the Liquidator's duties. The judgment mandated the immediate handover of assets and directed the appointment of a responsible individual to assist the Liquidator. Police assistance was authorized to prevent interference, emphasizing strict consequences for non-compliance. The order outlined detailed compliance measures under the Insolvency and Bankruptcy Code, with the Police Commissioner tasked to provide necessary support for enforcement. Case-Laws Insolvency and Bankruptcy Wed, 16 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419075