The court’s decision regarding the insolvency of Rasna came in the case of Bharat Road Carrier Pvt Ltd vs Rasna Pvt Ltd, in which the former had filed an application regarding the initiation of the corporate insolvency resolution process under Section 9 of the Insolvency & Bankruptcy Code, 2016.
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The court said that the IRP is expected to take full charge of the Corporate Debtor assets and he is also free to take police assistance in this regard. Photo: File/Representational
Read the full article at: https://www.zeebiz.com/companies/news-rasna-to-challenge-nclts-insolvency-order-court-appoints-official-to-take-full-charge-of-firms-assets-251635