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2017 (10) TMI 464 - Tri - Insolvency and BankruptcyCorporate Insolvency Resolution Process - Held that:- We accept the prayer made in the application as no serious objection has been raised against the substituted Interim Insolvency Professional. In pursuance of Section 13 (2) of the Code we direct that public announcement shall be made by the Interim Resolution Professional within the statutory period with regard to admission of this application under Section 7 of the Code. We also declare moratorium in terms of Section 14 of the Code. Some necessary consequences of imposing the moratorium flows from the provisions of Section 14 (1) (a), (b), (c) & (d).
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