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NATIONAL COMPANY LAW TRIBUNAL
Mrs. Telaprolu Rajani, J, Shri Charan Singh, T
P. Sriram, Resolution Professional – Appellant
Versus
Mr. Kasturi Satyan – Respondent
| Table of Content |
|---|
| 1. application filed by resolution professional for investigations into fraudulent transactions. (Para 1 , 2) |
| 2. non-cooperation of suspended directors in providing financial records. (Para 3 , 4) |
| 3. findings from the forensic audit reveal fraudulent intent in financial dealings. (Para 6) |
| 4. tribunal orders contributions to assets and investigation due to established fraud. (Para 7 , 8) |
ORDER
1. The present application is being filed by the Applicant, the Resolution Professional (RP) of Sunpower Solar Technick Private Limited under the provisions of section 66 with other provisions, applicable if any, of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of National Company Law Tribunal Rules. 2016 seeking reliefs/directions as under:
A. to pass appropriate order(s) and direction(s) under section 66 of the Code to make necessary contributions to the assets of the Corporate Debtor within stipulated timelines, against the Respondent No. 1 to 3.
B. To pass appropriate order(s) and direction(s) under section 66 of the Code against the Respondent Nos. 4 to 9 to make necessary contributions to the assets of the Corporate Debtor within stipulated timelines, by repaying
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