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2017 (4) TMI 1398 - NATIONAL COMPANY LAW TRIBUNAL KOLKATA BENCH, KOLKATACorporate insolvency process - default for not making payments of ₹ 45,73,250/-. - Held that:- The Corporate Debtor has committed default for not making payment of debt of ₹ 45,73,250/-. Therefore, the petition is admitted and Shri Arun Kumar Gupta is appointed as Interim Resolution Professional. Moratorium is also declared as per provision of section 14 of the Insolvency & Bankruptcy Code, 2016. Direction is also being issued for issuing public announcement in terms of section 15 of Insolvency & Bankruptcy Code, 2016. The petitioner is also directed to serve the copy of the order on the Corporate Debtor. This Order be communicated to the Financial Creditor as well as Corporate Debtor in terms of section 7 of the Insolvency and Bankruptcy Code, 2016.
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