Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2021 (3) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (3) TMI 356 - Tri - Insolvency and BankruptcyCompany under liquidation - Providing of information sought by the Information Utilities - Seeking direction to Liquidator to deduct costs incurred for supplying the same from the amounts already paid to him for the same - Section 38 of IBBI (Information Utilities) Regulation, 2017 - HELD THAT:- On perusal of Section 38 of IBBI (Information Utilities) Regulation, 2017, it is clear that the information utility shall not provide access to the reports, registers and minutes submitted under sub-regulation (1) to any person other than the concerned insolvency professional, the Board or the Adjudicating Authority. Payment of balance amount - HELD THAT:- The learned counsel for the respondent stated that he is not aware of the quotation received by the applicants from M/s Suraj Stationary and xerox, Mumbai stating that the photostat costs of A/4 Black and while per print will be ₹ 1.50 per piece plus 18% GST. However, the respondent relied on another invoice produced by the same organisation stating that the photo copy charges of A/4 black and white printing charges per sheet is ₹ 3/-. Since the very same organisation has issued the quotation, the Respondent is directed to reduce the photocopying charges as ₹ 1.50 per piece and calculate the amount collected accordingly and inform the applicants, if any, further amount to be paid by them for providing the documents sought by them in this application, which the learned counsel for respondent had agreed to provide. Supply of the Minutes of meetings with the Committee of Creditors - HELD THAT:- As rightly stated by the respondents in case the same is provided to the applicants, that will consequently affect the bidding process of the Corporate Debtor properties. Moreover, this Tribunal is of the opinion that minutes of the meetings of Committee of Creditors has nothing to do with the claims preferred by the applicants, being the former employees of the Corporate Debtor Excel Glasses Limited. Hence that prayer to supply the minutes of meetings with the Committee of Creditors is rejected. Respondent Liquidator is directed to provide all other documents sought by the applicants in these I.As, by collecting excess fee, if any, after adjusting the amount which they have already remitted ie., ₹ 31500/-, within a week from the date of this order. Application disposed off.
|