2020 (11) TMI 1048

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....icant/OC Ms. Shruti Garg and Mr. Madhavam Sharma Advocates For the Respondent/CD Mr. Manoj Kumar Garg Advocate for Suspended Board of Directors For the Intervener/RP Mr. Ashok Juneja & Mr. Anoop Kumar Goyal Counsels for R.P. ORDER IA No. 1253 of 2020  Counsel for the Resolution Professional is present. Counsel for Respondent No. 1 and 2 is present. No representation on behalf of Respond....

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....btor. However, on one pretext or the other, there is no compliance with the order of this court which makes it clear that the Suspended Board of Directors have not maintained the record of the CD. In other words, they have failed to perform their fiduciary duties in maintaining the record of the Corporate Debtor. Whereas they are duty bound to maintain the record of the CD for a period of not les....