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2018 (5) TMI 1558 - Tri - Insolvency and BankruptcyInitiation of Corporate Insolvency Resolution Process for the Corporate Debtor - appointment of Interim Resolution Professional (IRP) under the Insolvency and Bankruptcy Code, 2016 - Held that: - Mr. S. R. Krishnan is appointed as IRP and is directed to take charge of the Corporate Debtor’s assets and management immediately. 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 IRP shall comply with the provisions of Sections 13(2), 15, 17 & 18 of the 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 and for discharging his functions under Section 20 of the I&B Code, 2016. Registry is directed to issue the copy of this Order informing the IRP to make compliance with this Order as per the provisions of I&B Code, 2016.
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