2022 (3) TMI 945

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....jani, J. (Member (J)) For the Appellant : Mummaneni Vazra Laxmi, Advocate For the Respondents : V.S.R. Avadhani and Vijaya Bhaskara Reddy, Advocates ORDER Telaprolu Rajani, J. (Member (J)) 1. This application is filed by the Resolution Professional under Section 19(2) and 60(5) of Insolvency and Bankruptcy Code, 2016, against the Respondents/Suspended Directors of the Board of the Corporate D....

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....y email dated 20.01.2022, Respondent No. 1 informed the Applicant that due to admission of his grandmother in AIG Hospital, they are unable to provide the data. iv. On 21.01.2022, the Applicant informed the Respondents that the CIRP is a time bound activity and requested them to furnish the information on or before 25.01.2022. Even after 60 days of commencement of CIRP, the Respondents did not p....

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....any w.e.f. 01.06.2021 and the registered office of the Corporate Debtor was shifted from Visakhapatnam to Vijayawada w.e.f. 03.08.2021 for which requisite Form INC-22 was filed before the Registrar of Companies (RoC), Ministry of Corporate Affairs. iii. While the Respondents were in the process of taking over requisite documents and were in transition by getting ready the new place of their regi....

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....CIRP process cannot be hurdled by the non-cooperation of the Respondents. Section 19(1) of IBC, 2016, mandates that, the Personnel of the Corporate Debtor, its Promoters or any other person associated with the management of the Corporate Debtor shall extend all assistance and cooperation to the interim resolution professional as may be required by him in managing the affairs of the Corporate Debt....