9911796707
TMI Blog2021 (7) TMI 188X X X X Extracts X X X X X X X X Extracts X X X X ..... f in this application are as under:- "a. For initiation of Corporate Insolvency Resolution Process against the applicant/Corporate Debtor under Section 10 of the Code; b. Such further or other order or orders be passed and/or directions are given as this Hon'ble Tribunal may deem fit and proper." 2. The applicant submits that the Company is going through severe financial crisis from past few years. The Company was doing well and never defaulted in any kind of payment to Financial Institution or any other creditors. Unfortunately, the rice mill of the Company has a severe incident of fire on 17.05.2017. The loss due to the said fire was assessed to about Rs. 35.00 crores. Due to the loss, the Company could not pay the banks and othe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Insolvency Resolution Process against M/s. Hariom Rice Mills Pvt. Ltd. (Corporate Applicant/Corporate Debtor). Moratorium order is passed for a public announcement as stated in Section 13 of the IBC, 2016. (ii) The moratorium is declared for the purposes referred to in Section 14 of the Insolvency & Bankruptcy Code, 2016. The IRP shall cause a public announcement of the initiation of Corporate Insolvency Resolution Process and call for the submission of claims under Section 15. The public announcement referred to in clause (b) of sub-Section (1) of Insolvency & Bankruptcy Code, 2016 shall be made immediately. (iii) Moratorium under Section 14 of the Insolvency & Bankruptcy Code, 2016 prohibits the following:- a) The institution of su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 33, the moratorium shall cease to have effect from the date of such approval or liquidation order, as the case may be. (vii) Necessary public announcement as per Section 15 of the IBC, 2016 may be made by the Resolution Professional upon receipt of the copy of this Order. (viii) Mr. Pratim Bayal registered with the ICSI Insolvency Professionals Agency having Registration No. IBBI/IPA-003/IP-N00213/2018-19/12385 and Email [email protected] resident of 18/1, Tarapukur Main Road, Ghosh Para, Agarpara, Kolkata-700109, W.B. is appointed as Interim Resolution Professional for ascertaining the particulars of creditors and convening a meeting of Committee of Creditors for evolving a Resolution Plan. (ix) The applicant to pay sum of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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