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2018 (9) TMI 1528 - Tri - Insolvency and BankruptcyCorporate Insolvency Resolution Process - Initiation of corporate insolvency resolution process by financial creditor - completion of application - Held that:- From the form and manner of the application has to be the one as prescribed. It is evident from the record that the application has been filed on the proforma prescribed under Rule 4(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 read with Section 7 of IBC. We are satisfied that a default has occurred and the application under sub-section 2 of Section 7 is complete; and no disciplinary proceedings are pending against the proposed Interim Resolution Professional. Even Punjab National Bank appears to be supporting the cause of the ‘Financial Creditor’. Thus, the application warrant admission. This petition is admitted and Mr. Manoj Sehgal, Flat No. 304, Tower 5, Ansal Valley View Estate, Gwal Pahadi, Gurgaon, Haryana-122003, Registration No. IBBI/IPA-002/IP-N00108/2017-18/10256 is appointed as an Interim Resolution Professional.
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