- (1.) Shri Sumit Binani, Ld. Resolution Professional (RP) has filed progress report wherein he has informed that he had made a request to Insolvency and Bankruptcy Board of India for filing complaint against the promoter-Director u/s. 236 of the I & B Code. It is pertinent to mention here that the extended term of the resolution process is going to expire on 07/12/2017. If no resolution plan is finalised, liquidation order is to be passed. It is expected from the RP when he was not getting cooperation then action may be initiated u/s. 70 of the I & B Code against the promoter-Director. List on 07/12/2017.;