2021 (5) TMI 678

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....inafter referred to as 'Applicant/Resolution Professional') under Section 19(2) of the I & B code, 2016 R/w. rule 11 of the NCLT, Rules 2016 inter alia seeking to direct the Respondent to provide the Applicant with Accounting data from financial years 2013-14, 2014-15; to provide free and complete access to all the financial records of the Corporate Debtor, equipments and other assets without any hindrances from any one to protect the assets of the Corporate Debtor etc. 2. Brief facts of the case, as mentioned in the Application, which are relevant to the issue in question, are as follows: (1) The main Company Petition bearing C.P.(IB) No. 52/BB/2017 filed by Randstand India Private Limited, the Operational Creditor U/s. 9 of the....

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....nce CIRP is initiated, all the personnel including Directors/MD of Corporate Debtor, have to extend necessary co-operation to IRP/RP in carrying out their duties. Since the Adjudicating Authority has already directed all the personnel of CD to extend full co-operation to the Applicant and the law is also clear on the issue, it is for the Applicant to discharge his duties effectively at the ground level, instead of rushing to the Tribunal raising all those issues which ought to be settled by himself, being experience Resolution professional. Therefore, the instant Application can be disposed of by directing the Respondent to extend necessary cooperation to the Applicant. 5. In the result, IA. No. 331/2020 in CP (IB) No. 52/BB/2017 is dispos....