R.S. Motors Liquidation: Suspended Management Non-Cooperation

NCLT Jaipur hears multiple IAs in R.S. Motors liquidation, with the main application filed under Sections 45, 49 & 66 of IBC for PUFE transactions.
Liquidator faces non-cooperation from suspended management regarding a disputed office building asset valued at ₹11.88 crore in financial statements.
Tribunal directs liquidator to file a synopsis on entire CIRP/liquidation and non-cooperation, with all parties to submit written arguments by May 20, 2026.
Audit report prepared without suspended management's cooperation is taken on record despite objections over its factual correctness.