2019 (9) TMI 1426

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....al (RP) of the Respondent No. 1 Company (hereinafter referred to as the Company) to supply the authenticated copies of the Liquidation and Fair Valuation Reports filed along with the IA No. 607/2019 under Section 33(2) of the Insolvency and Bankruptcy Code (IBC). 2. It is contended in the Application that the CIRP of the Respondent No. 1 Company was initiated vide order dated 10.10.2018 in TP (IB) No. 33/7/HDB/2018. The Insolvency Resolution Professional (IRP) appointed by the Adjudicating Authority took over the management of the affairs of the Company. The Committee of Creditors in their meeting dated 07.05.2019 voted in favour of liquidation of the Company. 3. The Adjudicating Authority vide order dated 02.08.2019 directed the Reso....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ed at is fair and reasonable. The Code prescribes that the confidentiality of the information can be guaranteed by way of a no-disclosure agreement. The Applicant is thus entitled to copies thereof. It is accordingly prayed that the Resolution Professional (RP) may be directed to supply copies of the liquidation and fair valuation reports. In support of the contention reliance is placed on Vijay Kumar Jain vs. Standard Chartered Bank & other AIR 2019 SC 2477. 5. The Resolution Professional for the Company strenuously objected to the Application but has not filed any written counter thereto. 6. Section 35 of the Code inter alia provides: "(c) to evaluate the assets and property of the corporate debtor in the manner as may be s....