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2018 (8) TMI 138 - Tri - Insolvency and BankruptcyCorporate Insolvency Resolution Process - Held that:- This Adjudicating Authority has ascertained the existence of a default on the part of the Corporate Debtor/ Guarantor. The Financial Creditor has fulfilled all the requirements of law and has also proposed the name of IRP after obtaining the written consent in Form-2. Therefore, CP/699/(IB)/CB/2017 is admitted and the commencement of the Corporate Insolvency Resolution Process is ordered which ordinarily shall get completed within 180 days, reckoning from the day this order is passed. Ms. Aishwarya Mohan Gahrana is hereby appointed as IRP, as has been proposed by the Financial Creditor.The moratorium is hereby declared which shall have effect from the date of this Order till the completion of corporate insolvency resolution process, for the purposes referred to in section 14 of the I&B Code, 2016
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