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2019 (7) TMI 1483 - Tri - Insolvency and BankruptcyCIR process - Non filing of FIR and action against offenders steeling goods, machineries and equipments, etc. of the Corporate Debtor Company - HELD THAT:- This Bench is conferred with power to pass an order directing the Police/District Magistrate to provide assistance to the Resolution Professional as contemplated u/s 429 of the Companies Act, 2013 r/w regulation 30 of CIRP Regulations, 2016 - State Machinery is under obligation to provide assistance to the Resolution Professional in discharging the functions of the Resolution Professional, including taking action against the culprits causing loss to Corporate Debtor and also to protect the assets of the Corporate Debtor. Unless the State Machinery takes active steps in providing appropriate assistance to the Resolution Professional, it is difficult for him to discharge the functions of Resolution Professional so as to hold the value of the asset intact - this Bench hereby suggests the District Collector of Kanchipuram to take cognizance of the incidents happened at the factory premises by verifying the report placed by the Resolution Professional and provide necessary assistance to the Resolution Professional as contemplated under Section 429 r/w regulation 30 of CIRP Regulations, 2016. Application allowed.
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