2019 (9) TMI 587

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.... S. J. Mukhopadhaya, Chairperson, Mr A. I. S. Cheema, Member (Judicial) And Kanthi Narahari, Member (Technical) For The Appellant : Mr. Arun Khatri, Advocate For The Respondents : None ORDER The Appellant, Director of M/s Mega Soft Infrastructure Pvt. Ltd. filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (I&B Code) r/w Rule 11 of the NCLT for removal....

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....s forced to handover the title deed pertaining to the Noida land. He intentionally withheld the title deeds of the Baghpat property. As the application was filed under Section 425 of the Companies Act, which relates to initiation of contempt proceedings, it was alleged that the contemnor has taken resort to legal proceedings by filing a collusive petition for mandatory injunction in a desperate bi....

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....Appellant) and Mr. Ramesh Kumar Pawar (other Ex-Director). The Adjudicating Authority having noticed their conduct and continued absence from the Court and reluctant attitude in assisting the proceedings, the application was dismissed by impugned order dated 22nd April, 2019. 5. Another CA being CA No.494/2019 was filed by the Ex-Directors (including Appellant herein) questioning the working of....

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....g with regard to handover of any documents to the Appellant. 7. In the present case, as we find that the Appellant has not co-operated with the 'Resolution Professional'/ 'Liquidator' and is still not co-operating and the Adjudicating Authority has already initiated the contempt proceedings under Section 425 of the Companies Act and intends to order for penal action under Section 70 and 72 of t....