2017 (3) TMI 1815

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..... nch session. Shri Navin Sinha Senior Advocate along with Advocates Miss A. R Chowdhury and Shubham Agarwal represented the Corporate Applicant/ Corporate Debtor. The present Application has been filed on behalf of Corporate Applicant/ Corporate Debtor under Section 10 of Insolvency and Bankruptcy Code, 2016 read with Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) .....

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..... ssion of Senior Advocate for Applicant matter is reserved today for order on admission or other wise on the Application moved by Corporate Debtor/ Corporate Applicant. The reasoned order in detail is dictated separately. The present Application is Allahabad, The Petition is admitted. The operative portion of order reads as under:- That the order of moratorium u/ s 14 shall have effect from 17.0 .....

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..... applicant shall, along with the application furnish the information relating to- (a) its books Of account and such other documents relating to such period as may be specified; and (b) the resolution professional proposed to be appointed as an interim resolution professional. (4) The Adjudicating Authority shall, within a period of fourteen days of the receipt of the application, by an order- .....

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..... ith Consequential Directions. I. That the Bench hereby prohibits the institution of suits or continuation of pending suit or proceedings against the corporate debtor including execution of any judgement ,decree or order in any court of law, tribunal ,arbitration panel or other authority ; transferring encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal .....

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..... manian , Address : Ernst & Young LLP 6th Floor, World Mark -I , IGI Airport Hospitality District , Aerocity , New Delhi -110037 as Interim Resolution Professional to carry the functions as mentioned under Insolvency and Bankruptcy Code. V. That the public announcement of corporate insolvency resolution process be made immediately as specified under Section 13 of the code. VI. An authentic copy .....

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