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2019 (6) TMI 1362 - Tri - Insolvency and BankruptcyAdmissibility of application - initiation of CIRP - Corporate Debtor - Section 7 of the Insolvency and Bankruptcy Code, 2016 r/w Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 - HELD THAT:- The documentary evidence placed on the case file is sufficient in order to ascertain the existence of a default on the part of the Corporate Debtor. The Financial Creditor has fulfilled all the requirements of law including the name proposed for appointment of IRP after obtaining consent in Form-2. Hence, the Application stands admitted. The commencement of the Corporate Insolvency Resolution Process is ordered which ordinarily shall get completed within 180 days, reckoning from the day this order is passed. Mr. A.R. Ramasubramania Raja is hereby appointed as IRP as has been proposed by the Financial Creditor - The moratorium is hereby declared which shall have effect from the date of this Order till the completion of Corporate Insolvency Resolution Process - Application admitted.
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