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Resolution Professional is duty bound to take steps for possession of assets owned by Corporate Debtor
Case Law Details
- Case Name
- Harish Raghavji Patel & Anr Vs Ajit Gyanchand Jain (NCLAT Delhi)
- Appeal Number
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- NCLAT
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Harish Raghavji Patel & Anr Vs Ajit Gyanchand Jain (NCLAT Delhi)
NCLAT Delhi held that section 18(1)(f) of the Insolvency and Bankruptcy Code enables Resolution Professional to take steps for taking possession of assets owned by Corporate Debtor. Accordingly, appeal dismissed.
Facts- CIRP against the Corporate Debtor-Rajesh Cityspaces Private Limited commenced on 15.01.2024. Mr. Ajit Gyanchand Jain- Respondent No.1 was appointed as Interim Resolution Professional (IRP).
On 31.05.2024, the IRP has sent an e-mail to the Suspended Board of Directors including the Appellant requesting to hando...
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