TMI Blog2017 (7) TMI 1149X X X X Extracts X X X X X X X X Extracts X X X X ..... d other applicable provisions of the Insolvency and Bankruptcy Code, 2016 application admitted - Moratorium declared. - CP No (IB)77/6/HDB/2016 - - - Dated:- 19-7-2017 - Rajeswara Rao Vittanala, Member (Judicial) and Ravikumar Duraisamy, Member (Technical) ORDER 1. Heard Shri Nitish Bandary, Learned Counsel for the Applicant. None appeared for the Respondent. 2. The case was listed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10,12,13,14,15,16, 17, 18, 19, 20, 21, 22 and 25 and other applicable provisions of the Insolvency and Bankruptcy Code, 2016, the Bench passes the following orders :- (a) We hereby declare the following Moratorium by prohibiting the following actions:- (i) The institution of suits or continuation of pending suits or proceedings against the Corporate Debtor including execution of any judgmen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m period. (b) We hereby appointed Shri Hemant Sharma (Certificate No. IBBI/IPA-002/IP-N00015/2016-17/10019) , Director, Witworth Insolvency Professional Private Limited, 2/263, Subhash Nagar, New Delhi - 110027 as Interim Resolution Professional by exercising powers under section 16 of IBC, 2016 ; (c) Direct to cause a public announcement of the initiation of Corporate Insolvency Resolution ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rate 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 communicated to the Tribunal as per Section 22 of the IBC. (e) Direct the personnel of M/s. Basai Steels and Power Pvt Ltd or its promoters or any other person associated with the management of M/s. Basai S ..... X X X X Extracts X X X X X X X X Extracts X X X X
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