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2017 (9) TMI 1616 - Tri - Insolvency and BankruptcyFormal orders of appointment of Interim Resolution Professional and further directions - Held that:- Appoint Mr. Harish Taneja, Registration No.IBBI/IPA-002/IPN00088/ 2017-18/10229, resident of 236-L, Model Town, Sonipat-131001, email: harishtaneja78@gmail.com; Mobile No.9811565629 as Interim Resolution Professional; The term of appointment of Mr. Harish Taneja shall be for a period of 30 days from the date of his appointment as Interim Resolution Professional or as may be determined by the committee of creditors whichever is earlier; In terms of Section 17 of ‘the Code’, from the date of this appointment, the powers of the Board of Directors shall stand suspended and the management of the affairs shall vest with the Interim Resolution Professional and the officers and the managers of the ‘Corporate Debtor’ shall report to the Interim Resolution Professional, who shall be enjoined to exercise all the powers as are vested with Interim Resolution Professional and strictly perform all the duties as are enjoined on the Interim Resolution Professional under Section 18 and other relevant provisions of the ‘Code’, including taking control and custody of the assets over which the ‘Corporate Debtor’ has ownership rights recorded in the balance sheet of the ‘Corporate Debtor’ etc. as provided in Section 18 (1) (f) of the ‘Code’. The Interim Resolution Professional is directed to prepare a complete list of inventory of assets of the ‘Corporate Debtor’; The Interim Resolution Professional shall strictly act in accordance with the ‘Code’, all the rules framed thereunder by the Board or the Central Government and in accordance with the ‘Code of Conduct’ governing his profession and as an Insolvency Professional with high standards of ethics and moral and adhere to other provisions of law. It is further directed that the Interim Insolvency Resolution Professional shall positively file a report of events before this Tribunal every seventh day in relation to the ‘Corporate Debtor’.
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