2022 (3) TMI 1221

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....Insolvency and Bankruptcy Code, 2016 seeking directions upon the suspended Directors and the staffs/management personnel of the Corporate Debtor to extend all cooperation and provide all information with regard to the assets, books and records, relating to the project, the details of the invoices submitted upon completion of the projects, the plan to complete the pending projects, the documents relating to the projects under-taken by the Corporate Debtor, the related correspondence pertaining to the projects, the compliances agreement/documents on such projects, the debts receivable from each of the projects, the person looking after the recovery of the dues upon completion of the projects, etc. 3. It is submitted that the applicant has ....

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....Liquidator would be present at the Registered Office and handover all the documents in proper manner so that there is no grievance. Suspended members of the Board of Directors of the Corporate Debtor are duty bound to provide all sorts of assistance to the Liquidator to enable the Liquidator to complete the process. 3. If any problem, the Liquidator may approach this Adjudicating Authority again". 6. When the matter was again taken up, Ld. Counsel for the suspended members of the Board of Directors submitted that there was a complete misrepresentation of facts on the last date by the Ld. Counsel appearing for the Liquidator. It was submitted by the Ld. Counsel for the suspended member of the Board of Directors that the erstwhile....

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....se breakup, contact details & other relevant details for the following items appearing under the Asset head in the audited accounts for FY 2018-19. a. Earnest money deposit of Rs. 23,500/- b. Retention Money of Rs. 1,53,12,773/- c) Other Deposits of Rs. 1,15,400/- d) Work in progress of Rs. 93,64,814/- e) Trade Receivables of Rs. 3,69,81,419/- f) Fixed Deposit of Rs. 45,32,974/- Whether this is the one and single FD against which BG has been issued in favour of Durgapur Steel Plant. Copy of the relevant BG is also required. g) Advance to sub-contractors & suppliers of Rs. 6,19,894/- h) Other Advances of Rs. 4,77,698/- Along with above details, there is a requir....