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CIRP - Failure to supply the requisite information to RP - The ...


Suspended Board Members Must Provide Info to Resolution Professional in 2 Weeks or Face Consequences Under CIRP.

March 29, 2022

Case Laws     Insolvency and Bankruptcy     Tri

CIRP - Failure to supply the requisite information to RP - The suspended members of the Board of Directors are directed to hand over and provide all the information mentioned in the said emails if not already sent within two weeks. There should not be any lapse on the part of the suspended Directors because any further delay will be taken as causing an intentional delay in the process of liquidation and would lead to serious consequences - Tri

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