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TMI Blog2021 (4) TMI 1142X X X X Extracts X X X X X X X X Extracts X X X X ..... lution Process (here-in-after referred to as "CIRP") against the Corporate Debtor, namely, M/s. Nutec Infotech Pvt. Ltd. for the total outstanding amount of debt of Rs. 2,20,821/- (Rupees Two Lacs Twenty Thousand Eight Hundred and Twenty One Only). 2. No one appeared for the Corporate Debtor; hence, we proceeded to decide this application after hearing the learned counsel for the applicant and considering the material available on record. 3. The facts, in brief, are that the applicant was an employee of the Corporate Debtor at the position of General Manager, Marketing. The applicant got relieved from service of the Corporate Debtor 25.05.2019 as per relieving certificate issued by the Authorized Signatory of the Corporate Debtor dated 17 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... notice under Section 8 of IBC, 2016 exists as evident from the material on record. A default has occurred in payment thereof. The outstanding amount is more than Rs. 1,00,000/-, being threshold limited to admit the petition filed under Section 9 of IBC, 2016. 6. The name of IRP has not been proposed which is not mandatory in case of an application filed under Section 9 of IBC, 2016. Hence, we shall appoint an IRP from the list approved by IBBI. The petition is otherwise complete and defect free. Hence, we allow the present application and admit the Corporate Debtor in CIRP under Section 9 of IBC, 2016. Accordingly, we pass the following order: ORDER 1. The application is admitted and the moratorium is declared for prohibiting all of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gmail.com to act as an IRP under Section 13(1) (c) of the CODE. 4. The IRP shall perform all his functions as contemplated, inter-alia, by Sections 17, 18, 20 & 21 of the Code. It is further made clear that all personnel connected with Corporate Debtor, its Promoter or any other person associated with management of the Corporate Debtor are under legal obligation under Section 19 of the Code extend every assistance and co-operation to the Interim Resolution Professional. Where any personnel of the Corporate Debtor, its Promoter or any other person required to assist or co-operate with IRP, do not assist or Co-operate, IRP is at liberty to make appropriate application to this Adjudicating Authority with a prayer for passing an appropriate o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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