In the matter of National Plywood Industries Pvt. Ltd. Ia No. 51 of 2020 in C.P. (Ib)No. 09-GB-2018
Case brief
What is this about?
The NCLT Guwahati Bench heard Interim Application No.51 of 2020 filed by the Resolution Professional regarding suspect transactions and diversion of funds. The matter was reserved for orders after granting parties seven days to file written submissions. No order was passed in this record.
What the court decided
NATIONAL COMPANY LAW TRIBUNAL GUWAHATI BENCH GUWAHATI
IA No.51 of 2020
IN
C.P. (IB)No.09/GB/2019
Coram:
Hon’ble Shri H. V. Subba Rao, Member (J): Hearing through Hon’ble Shri Prasanta Kumar Mohanty, Member (T): Video Conference
ATTENDANCE-CUM- ORDER SHEET OF THE HEARING OF GUWAHATI BENCH OF THE NATIONAL COMPANY LAW TRIBUNAL ON 17.09.2021
Name of the Company: Sandeep Khaitan,RP
V/s
Piyush Periwal & Others
Section of the Companies Act: Under Section 25(j), 43, 45, 49 read with Section 44, 48, 66 of IBC, 2016
S. NO. NAME (CAPITAL LETTERS) DESIGNATION REPRESENTATION SIGNATURE
Issues for consideration
3 issues framed by the court
Whether the Resolution Professional is entitled to grant 7 days for submitting written submissions in the transaction audit application.
Whether the applicants seeking attachment of personal bank accounts and injunctions against respondents are maintainable.
Whether directions regarding suspect transactions and payment of losses are appropriate under the pending transaction audit report.
Parties & counsel
- applicant
Sandeep Khaitan
- respondent
Piyush Periwal
Coram
H. V. Subba Rao
Case details
As recorded by the court registry
- Court
- NCLT
- Decided on
- · September
- CNR
- nclt-ff94297081d6d2cde480ee3ad0a4aa4b
- Topic
- Corruption
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