2022 (7) TMI 197

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....rom 10.12.2021 (visit of registered office by RP) to 07.05.2022 (statutory auditor provided some financial information) from the CIRP period of 180 days as envisaged under IBC on account of time consumed due to non cooperation by the suspended directors and management of the corporate debtor. 2. The facts mentioned in the instant application are stated in brief as follow: i. The Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, M/s. Prabhatam Advertising Private Limited, vide order dated 30.11.2021 passed by this Adjudicating Authority, admitting the application under Section 9 of the Code filed by the Operational Creditor whereby the applicant was appointed as Interim Resolution Professional and ....

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....pended Board of Directors, accounts head or the former employees of the corporate debtor. Accordingly, the applicant had filed an application (IA/92/ND/2022) under Section 19(2) of the IBC, 2016 for non cooperation by the suspended board of directors. vi. The applicant at his own effort managed to get in contact with the statutory auditor of the corporate debtor, when he got to know that the statutory auditor was unable to conduct audit after 31.03.20219(sic) since the management has not provided the date to the statutory auditor. Further on the perusal of the limited financial data available with the applicant, the applicant found dubious and suspicious transactions as against the corporate debtor. vii. The applicant is under an obliga....