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2019 (6) TMI 1352 - Tri - Insolvency and BankruptcyAdmissibility of petition - Initiation of Corporate Insolvency Resolution process - Corporate debtor - Section 9 of the Insolvency and Bankruptcy Code, 2016 (in short, IB Code, 2016) r/w Rule 6 of the Insolvency and Bankruptcy (Application of Adjudicating Authority) Rules, 2016 (for brevity, IB Rules 2016) - HELD THAT:- On perusal of material documents placed before this Bench, it is clear that the invoices are reflecting supply of materials and also demand for payments towards the materials supplied to the Corporate Debtor herein. Since the Operational Creditor furnished the proof to believe that debt and default are in existence, for their being no dispute from the Corporate Debtor side against the claim made by the Operational Creditor, this Bench, having satisfied with the proof filed by the Operational Creditor in compliance with the provisions of Sections 8 and 9 of the I&BC, 2016 admits the instant Company Petition 1243/IB/2018 filed under Section 9 of the I&BC. Since the Operational Creditor has not recommended the name of Interim Resolution Professional (IRP), we appoint Mr.S. Sivarama Krishnan as IRP from the list provided by the IBBI Panel. The IRP is directed to take charge of the Respondent/Corporate Debtor management immediately. The IRP is also directed to cause public announcement as prescribed under section 15 of the I&B Code, 2016 within three days from the date of copy of this order is received and call for submissions of claim in the manner as prescribed - Moratorium declared.
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