NATIONAL COMPANY LAW TRIBUNAL
Dr. Venkata Ramakrishna Badarinath Nandula, Sh. Charan Singh, JJ
Pankaj Bhattad – Appellant
Versus
Prabhakar Reddy Nallapu (Suspended Director of Corporate Debtor) – Respondent
ORDER
1. The present Application is filed under Section 19(2) of the Insolvency and Bankruptcy Code, 2016 by Mr. Maligi Madhusudhana Reddy, the Resolution Professional of the corporate debtor i.e M/s Naolin Infrastructure Private limited against suspended Directors of the corporate debtor, seeking to extend the cooperation to the Resolution Professional to handover all necessary information, data, and documents as requested by RP for the smooth conduct of the CIRP.
2. The brief facts of the case are as follows:
2.1 The Applicant/RP, was appointed as the Interim Resolution Professional (‘IRP’) vide order dated 23. 07.2024.
2.2 It is averred that in compliance with the duties and responsibilities conferred upon the Resolution Professional under the Insolvency and Bankruptcy Code, 2016 (IBC), visited the office of the Corporate Debtor on 27th July 2024 to take charge of the affairs and to commence the Corporate Insolvency Resolution Process (CIRP).
2.3 It is averred that suspended directors informed the RP that the Corporate Debtor did not have any active business operations, and due to non- payment of rent, they were allocated only a small portion of the premises, specifically a conferenc
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