2020 (9) TMI 1032

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....efore, in order to maintain the transparency in the matter and to ensure fairness of justice, this Bench recuse from this Case. Hence, the Registry is directed to place the matter before the Co-ordinate Bench/Appropriate Bench. IA 280 of 2019 TP 229 OF 2019 in CP(IB) No. 29 of 2018 Prasanta Kumar Mohanty, Member (T) The Original petition was filed under Section 7 of IBC for claim amount of Rs. 10.11 Crores on 03/01/2018. The matter was heard by this Bench on 22/01/2018, 16/02/2018, 09/03/2018, 06/04/2018, 04/05/2018, 07/06/2018, 09/07/2018, 10/08/2018, 17/08/2018, 18/02/2019, 11/06/2019, 24/06/2019, 25/07/2019, 21/08/2019, 17/12/2019 & 31/01/2020. The petition was admitted on 17/08/2018, further 90 days' extension of t....

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.... 43, 45, 50 or 66, before the one hundred and fifteenth day of the Insolvency commencement date under intimation to the Board. The RP has also mentioned, in the compliance certificate Point No. 15 of Form 'H' i.e. details of Section 66 or avoidance application filed/pending, also NA in the column preferential transactions under Section 43, undervalued transactions under Section 45, Extortionate credit transactions under Section 50 and fraudulent transactions under Section 66 instead of mentioning Yes or No. When the clarification was sought from the counsel of the RP, Shri Lalit M Patel, about the discrepancies in compliance certificate, how these important points of the format were filled as NA by the RP while giving the comp....