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2017 (8) TMI 1573 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Section 9 of The Insolvency and Bankruptcy Code, 2016 read with Rule 6 of The Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 - Corporate Debtor defaulted in payment of outstanding amount - HELD THAT:- In the case on hand the applicant has complied with all requirements. Operationa! debt is due from the corporate debtor to the operational creditor. Operational creditor filed written communication of interim insolvency professional which shows there are no disciplinary proceedings pending against him. For the above reasons this application is admitted. This authority hereby appoints Mr. Hemanshu Kapadia, Practising Company Secretary, Office No. 12, 14th Floor, Building No. 3, Navjivan Commercial Premises Co-op Society, Lamington Road, Mumbai 400 008 as interim resolution professional. This authority directs the applicant to make public announcement of the initiation of corporate insolvency process and call for the submission of claims under Section 15. Application admitted - moratorium declared.
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