TMI Blog2017 (7) TMI 1071X X X X Extracts X X X X X X X X Extracts X X X X ..... vency Resolution Professional, we are inclined to appoint Insolvency Resolution Professional and grant moratorium under Insolvency and Bankruptcy Code, 2016. - CP No. IB/41/7/HDB/2017 - - - Dated:- 19-7-2017 - Rajeswara Rao Vittanala (Judicial Member) And Ravikumar Duraisamy (Technical Member) For the Financial Creditor : Deepak Bhattacharjee, Senior Advocate with Dishit Bhattacharjee, Advocate For the Corporate Debtor : Alok Dhir, Advocate along with Varsha Banerjee, Milan Singh Negi, A. S. Prashanth and Amir Ali, Advocates ORDER Ravikumar Duraisamy (Technical Member) 1. Heard Shri Deepak Bhattacharjee, Learned Senior Counsel along with Shri Dishit Bhattacharjee, Learned Counsel for the Petitioner and Shri Alok D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ld also ensure that existing business should be continued as a going concern and should not suffer in any manner. (c) We hereby declare the following Moratorium by prohibiting the following actions:- i) The institution of suits or continuation of pending suits or proceedings except before the Hon ble High court (s) and Hon'ble Supreme court of India, against the Corporate Debtor including execution of any judgment, decree or order in any court of law, Tribunal, arbitration panel or other authority: ii) Transferring, encumbering, alienating or disposing of by the Corporate Debtor any of its assets or any legal right or beneficial interest therein; iii) Any action to foreclose, recover or enforce any security interest created ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) in addition to other accepted modes of publication immediately and call for submission of claims as per Section 15 of the IBC read with Regulation 6 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Company is also directed to publish the same in their Official website. e) We direct the Interim Resolution Professional to constitute a Committee of Creditors, after collation of all claims received against the Corporate Debtor and determination of financial position of Corporate Debtor, as per Section 21 of IBC. The First meeting of the committee of creditors, shall be held within 7 days of the constitution of committee of creditors and their decision has to be com ..... X X X X Extracts X X X X X X X X Extracts X X X X
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