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2019 (6) TMI 766 - NATIONAL COMPANY LAW TRIBUNAL, SINGLE BENCH, CHENNAIInitiation of Corporate Insolvency Resolution Process - Corporate Debtor - Section 9 of the Insolvency & Bankruptcy Code, 2016 - HELD THAT:- The supply of essential goods or services of the Corporate Debtor shall not be terminated or suspended or interrupted during moratorium period. The provisions of Sub-section (1) of Section 14 shall not apply to such transactions, as notified by the Central Government - The Operational Creditors have not proposed the name of IRP, therefore, Mr. Swaminathan Venkatraman is appointed as IRP, whose name appears in the Panel of Insolvency Professionals recommended by the IBBI. The IRP shall file the declaration disclosure statement in the Registry of NCLT, Chennai Bench, within two working days from the date of the receipt of this Order. The IRP is directed to take charge of the Respondent Corporate Debtor's management immediately. He is also directed to cause public announcement as prescribed under Section 15 of I&B Code, 2016, within three days from the date the copy of this order is received, and call for submissions of claim in the manner as prescribed. The IRP shall comply with the provisions of Sections 13(2), 15, 17 & 18 of I&B Code. The directors of the Corporate Debtor, its promoters or any person associated with the Management of the Corporate Debtor are/is directed to extend all assistance and cooperation to the IRP as stipulated under Section 19, so that he could discharge his functions under Section 20 of the I&B Code, 2016. Application admitted - moratorium declared.
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