2026 (1) TMI 1396

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....ble Mr. Justice C. Saravanan For the Petitioner : Mr. M. Siddharth Mallinathan For the Respondents : Ms. Amirta Poonkodi Dinakaran, Government Advocate ORDER The petitioner appears to be the Directors of the Company under liquidation, viz., M/s. Infinitas Energy Solutions Pvt. Ltd. It appears that proceedings under IBC, 2016 came to be initiated against the said Company, and therefore,....

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.... the ground that the petitioner and the Directors as per the records maintained by the Corporate Affairs Department. 5. According to the petitioner, they are no longer associated with the said Company under liquidation, as, the said Company is in charge of the fourth respondent, who was initially appointed as Interim Resolution Professional by order dated 08.09.2017 and later on, appointed as a....

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....he orders of a court or Tribunal or otherwise, every person appointed as receiver of any assets of a company (hereafter in this section referred to as the "liquidator"), shall, within thirty days after his appointment, give intimation of his appointment to the Commissioner. (2) The Commissioner shall, after making such inquiry or calling for such information as her may deem fit, notify th....

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....ch non-recovery cannot be attributed to any gross neglect, misfeasance or breach of duty on his part in relation to the affairs of the company." 8. Therefore it is open for the petitioner to move suitable application before the respondents Nos.1 and 2 to extricate themselves from the liability in the impugned order. The petitioners are therefore given liberty to file suitable application within....