TMI Blog2019 (10) TMI 1251X X X X Extracts X X X X X X X X Extracts X X X X ..... is nothing on record to show that pending against proposed IRP. The debt and default are proved beyond reasonable doubts. The application filed by the Financial Creditor under Section 7 of the Insolvency Bankruptcy Code, 2016 for initiating Corporate Insolvency Resolution Process against the Corporate Debtor M/s RK. Jain Construction (India) Pvt. Ltd. is hereby admitted - Moratorium is declared for the purposes referred to in Section 14 of the Insolvency Bankruptcy Code, 2016. - CP (IB) No. 54/CTB/2019 - - - Dated:- 3-10-2019 - Ms. Sucharitha R. (J) AND Shri Satya Ranjan Prasad (T) ORDER 1. The application is filed by M/S ASREC (India) Limited for initiation of Corporate Insolvency Resolution Process (CIRP) against ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lso filed along with this application. 5. The Financial Creditor suggested name of Shri Vinodkumar Pukhraj Ambavat as IRP residence of Room No. 40, 9/15 Morarji Velji Bldg, 1st Floor, Dr. -Kalbadevi Road, Mumbai 400 002 having Registration No: IBBI/IPA-OOI/IP-P00420/i017-18/10743 and Email Id.: There is nothing on record to show that pending against proposed IRP. 6. The debt and default are proved beyond reasonable doubts. Hence, we are inclined to admit this application by following Order. ORDER i) The application filed by the Financial Creditor under Section 7 of the Insolvency Bankruptcy Code, 2016 for initiating Corporate Insolvency Resolution Process against the Corporate Debtor M/s RK. Jain Construction (India) Pvt. L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly of essential goods or services to the Corporate Debtor as may be specified shall not be terminated, suspended, or interrupted during moratorium period. vi) The provisions of sub-Section (1) shall not apply to such transactions as may be notified by the Central Government in consultation with any vii) The Order of moratorium shall have effect from the date of admission till the completion of the Corporate Insolvency Resolution Process. viii) Provided that where at any time during the Corporate Insolvency Resolution Process period, if the Adjudicating Authority approves the Resolution Plan under sub-Section (1) of Section 31 or passes an Order for liquidation of Corporate Debtor under Section shall cease to have effect from the d ..... X X X X Extracts X X X X X X X X Extracts X X X X
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