Unrelated parties under no obligation to furnish information under Section 19 of Insolvency Code, NCLT

Unrelated parties under no obligation to furnish information under Section 19 of Insolvency Code, NCLT
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5 min read

The National Company Law Tribunal, Chandigarh Bench has held that Section 19 of the Insolvency and Bankruptcy Code (Insolvency Code) casts an obligation on the ex-personnel of the corporate debtor, its promoter or any other person associated with the ex-management including ex-directors to extend all assistance and cooperation to the Interim Resolution Professional to enable him to manage the affairs of the corporate debtor.

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