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2018 (5) TMI 858 - Tri - Insolvency and BankruptcyInitiation of corporate insolvency resolution process by financial creditor - Held that:- 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. Thus, the application warrant admission. This petition is admitted and Mr. Huzefa Fakhri Sitabkhan, 1012, Dalamal Towers, Free Press Journal Road, 211, Nariman Point, Mumbai -400021 is appointed as an Interim Resolution Professional.
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