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TMI Blog2020 (11) TMI 514X X X X Extracts X X X X X X X X Extracts X X X X ..... itiate the corporate insolvency resolution process (CIRP) against Perfect Industries P. Ltd. (corporate debtor). 2. The corporate debtor is a private company limited by shares and incorporated on February 18, 2011 under the Companies Act, 1956, with the Registrar of Companies, Maharashtra, Mumbai. Its corporate identity number (CIN) is U15122MH2011PTC213748. Its registered office is at Shop No. 222, Shriram Shyam Tower, Kingsway, Nagpur-440 001, within the State of Maharashtra. Therefore, this Bench has jurisdiction to deal with this petition. 3. The present petition was filed on July 25, 2019 before this Adjudicating Authority on the ground that the corporate debtor failed to make payment of a sum of Rs. 6,19,00,000 (rupees six crores ni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... creditor and perused the records. 8. Copy of the petition was served on the corporate debtor by hand, which has been received by one "Riddhi Maniyar". E-mail was also sent in this regard on November 11, 2019. 9. Court notice dated September 9, 2019 was attempted to be served on the corporate debtor. But the same has been returned undelivered with the remarks "left return to sender" by the postal authorities. 10. Paper publications were issued in Business Standard, Mumbai edition in English on October 10, 2019 and Hitavada, Nagpur edition in Marathi on October 10, 2019. 11. After receipt of notices, there was appearance by Mr. Raghav Tiwari instructed by Radhe Agrawal, advocate, on behalf of the corporate debtor on November 28, 2019. On ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n of the petition. In view of this, this Adjudicating Authority admits this petition and orders initiation of CIRP against the corporate debtor. 16. It is, accordingly, hereby ordered as follows : (a) The petition bearing C. P. (IB) No. 2833/MB/C-IV/2019 filed by Oriental Bank of Commerce, the financial creditor, under section 7 of the Insolvency and Bankruptcy Code read with rule 4(1) of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 for initiating corporate insolvency resolution process (CIRP) against Perfect Indus tries P. Ltd. (CIN : U15122MH2011PTC213748), the corporate debtor, is admitted. (b) There shall be a moratorium under section 14 of the Insolvency and Bankruptcy Code, in regard to the fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ency and Bankruptcy Code or passes an order for liquidation of corporate debtor under section 33 of the Insolvency and Bankruptcy Code, as the case may be. (e) Public announcement of the CIRP shall be made immediately as specified under section 13 of the Insolvency and Bankruptcy Code read with regulation 6 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. (f) Mr. Naren Sheth, Registration No. IP/P-00133-IBBI/IPA-001/IP-00133/2017-18/10275, having address at 1014-1015, Prasad Chambers, Tata Road No. 1, Opera House, Charni Road (East), Mumbai-400 004 (e-mail : [email protected], Mobile : +919821133426), is hereby appointed as interim resolution professional (IRP) of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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