TMI Blog2019 (9) TMI 181X X X X Extracts X X X X X X X X Extracts X X X X ..... Bankruptcy Code admits this Petition declaring moratorium - Petition admitted - moratorium declared. - C.P. (IB) 191/2018 - - - Dated:- 6-5-2019 - Shri Bhaskara Pantula Mohan, Member (Judicial) And Shri V. Nallasenapathy, Member (Technical) For The Petitioner : Mr. Amit Tungare and Ms. Tarannum Shaikh, Advocates For The Respondent : Mr. Nitin Kale, Managing Director ORDER Per: Bhaskara Pantula Mohan, Member (Judicial) 1. This Company Petition is filed by Ultratech Cement Ltd. (hereinafter called Petitioner ) seeking to set in motion the Corporate Insolvency Resolution Process (CIRP) against Kale Infra Project Pvt. Ltd. (hereinafter called ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ating that the Corporate Debtor has not raised any dispute regarding the unpaid operational debt. 5. The counsel for the Corporate Debtor appeared before this Bench on two occasions and submitted that they will settle the dues but they have not settled the debt. On one occasion the Managing Director of Corporate Debtor also appeared. However subsequently there is no representation from the side of the Corporate Debtor. 6. This Bench on going through the Petition and after hearing the submissions of the Counsel for the Petitioner came to the conclusion that there is debt and default. 7. This Bench having been satisfied with the Petition filed by the Operational Creditor which is in compliance o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e corporate insolvency resolution process or until this Bench approves the resolution plan under sub-section (1) of section 31 or passes an order for liquidation of corporate debtor under section 33, as the case may be. ( e) That the public announcement of the corporate insolvency resolution process shall be made immediately as specified under section 13 of the Code. ( f) That this Bench hereby appoints Mr. Laxman Digambar Pawar, Flat No. 16, First Floor, Bhakti Complex, behind Dr. Ambedkar Statue, Pimpri, Pune- 411018, email id cmapawar1@gmail.com; having Registration No. IBBI/IPA-003/IP-N00015/2017-18/10104 as an interim resolution professional to carry the functions as mentioned under th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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