NCLT Orders Map Refoils Management Property Handover

NCLT Ahmedabad hears contempt petition against suspended management of Map Refoils India Ltd for disobeying orders to hand over possession of mortgaged properties to the liquidator.
Tribunal finds suspended management in contempt for resisting liquidator's access to properties and not handing over documents, despite multiple previous orders.
Suspended management directed to hand over physical possession of all Map Refoils and Map Oil LLP properties to liquidator within 24 hours for disposal.
Case listed for further consideration on 15.05.2026 to check compliance, with potential further orders under IBC 2016 if not complied.