J U D G M E N T

(Hybrid Mode)

Per : Justice Sharad Kumar Sharma, Member (Judicial):

1. The instant Appeal seeks to challenge the Impugned Order dated 18.10.2024, passed by the learned NCLT, Chennai in IA (IBC)/935(CHE)/2024 in CP(IB)/49(CHE)/2019 by which learned Adjudicating Authority has inter alia, directed the 1st Respondent, the Resolution Professional (RP) to take possession of the Registered Office of the Corporate Debtor (CD) and directed the Appellant herein to co-operate with 1st Respondent and to provide all necessary information, so as to complete Corporate Insolvency Resolution Process (CIRP) in two weeks failing which, contempt action will be initiated against the Suspended Director being the Appellant.

Brief facts of the case:

2. Indian Overseas Bank, the 2nd Respondent filed Section 7 Application against INMA International Limited, the Corporate Debtor (CD). The learned NCLT, Chennai by an Order dated 13.04.2022, admitted the Application by which, the CIRP proceedings stood initiated against the Corporate Debtor. The Suspended Director filed Appeal before NCLAT, Chennai in CA (AT) (CH) (INS) No. 143 / 2022 which was dismissed on 27.06.2023. An Appeal against this Order