2021 (12) TMI 154

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....k Srivastava, Members (T) For the Appellant : Pawan Shree Agarwal and Kartikay Mudgal, Advocates For the Respondents : Varsha Banerjee and Alok Dhir, Advocates ORDER The Appellants have preferred the instant CA (AT) (Ins) No. 581 of 2021 as 'Aggrieved Persons' being dissatisfied with the impugned order dated 02.03.2021 in I.A. No. 2771 of 2020 in CP No. IB-1771(ND)/2018 passed by the N....

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....nts claimed to have been made by petitioners in cash to the Mr. Rohit is not supported with any of the entries in the books account of the CD. The applicant himself admits in the application on hand that ex-directors are fraudulent. The independent legal remedies are available with the applicant to recover the amount, if any, from Mr. Rohit. But the CIR Process can't be used to perpetuate frau....

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....rs; (iii) list of assets and liabilities as on the initiation date; and (iv) such other matters as may be specified; (b) Receive and collate all the claims submitted by creditors to him, pursuant to the public announcement made under Sections 13 and 15. Apart from that, he can verify the entries in the 'Books of Accounts' of the 'Corporate Debtor'. In view of the facts that....