9911796707
TMI Blog2022 (9) TMI 224X X X X Extracts X X X X X X X X Extracts X X X X ..... 2022 - - X X X X Extracts X X X X X X X X Extracts X X X X ..... s needed under Section 18 and Section 20(2)(a) of the IBC including Forensic Audit Report before proposing liquidation of Corporate Debtor; and/or; d. Change the Resolution Professional , if needed ; " 2. The Adjudicating Authority after considering the application of the Appellant has rejected the same, in Para 5 and 6 of the order following has been observed: "5. This interlocutory applic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any other provisions under the Code. The Application is hereby rejected." 3. Learned counsel for the Appellant challenging the order contends that the Appellant had wanted to know steps taken by the Resolution Professional in the insolvency resolution process. It is stated that no steps for any audit were taken nor any valuation Report was obtained, hence, there was no occasion for taking any d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... efore the confirmation of the resolution plan, including at any time before the preparation of the information memorandum.]" 5. In the present case, the CIRP had commenced on 19.12.2019 and after more than two years, resolution was passed on 28.06.2022 for liquidation. The Application which was filed by the Appellant on the very next day of passing of the resolution was indirectly for challengin ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
