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2018 (2) TMI 692 - Tri - Insolvency and BankruptcyCorporate Insolvency Resolution Process - proof of inability to pay debt - Held that:- This Bench is satisfied that the Corporate Debtor is in default of liquidating its debt. The financial creditor is therefore entitled to the prayer made. They have proposed the name of Mr. Pinaki Sircar, 31/7, N C Chawdhary Road, Kolkata-700042; Email: Pinaki_Sircar@hotmail.com, Contact No.: 9830011159; IP Registration No.: IBBI/IPA-002/IP-N00063/2016-2017/10141 as the Insolvency Resolution Professional. The aforesaid IRP has given his consent as well as certified that he is eligible to be appointed in accordance with the provisions of the Insolvency and Bankruptcy Code of India and that there are no disciplinary proceedings pending against him is in record. We hereby Admit the present petition. A moratorium in terms of Section 14 shall come into effect forthwith
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