Gitanjali Gems was admitted into the Corporate Insolvency Resolution Process (CIRP) on October 8, 2018 with an admitted liability of over 12,000 crores.
Resolution professional (RP) Vijay Kumar Garg informed the NCLT that on account of fraud allegedly perpetrated by the company, its affairs were being probed by multiple law enforcement agencies like the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED).
The ED passed several orders attaching the properties and assets of the company.
Garg had approached the authorities on the details of such attachment to aid in the CIRP. However, his request was turned down by the agencies which also refused to lift the attachment over the properties, Garg informed NCLT.
Aggrieve…
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