TMI Blog2017 (11) TMI 1963X X X X Extracts X X X X X X X X Extracts X X X X ..... s of 2016 has already been admitted against the CD herein and since further necessary actions which are required to be taken in accordance with Law and Rules framed there-under have already been taken, this authority is of the opinion that the FC herein be directed to approach the IRP, appointed in the aforesaid proceeding for doing needful in accordance with law in regard to the claim of the FC h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ort 'CD'). 2. The said application was scrutinised in accordance with the prescription rendered in Insolvency Bankruptcy Code, 2016 (in short 'Code of 2016') and the Rules framed there under. Certain defects were noticed in the application and accordingly, the FC was directed to rectify the same. In response to such direction, the CD had rectified the defects notified. 3. F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of 2016 as well as the Rules of 2016, it is found that application under consideration has now been preferred in accordance with the requirements of law and the Rules framed there-under. 6. Here it may be mentioned that one Srei Infrastructure Finance Ltd., had preferred an application U/s.7 of the Code of 2016 read with Rule 4 of the Rules, 2016 against the CD in the present proceeding which ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... with Law and Rules framed there-under have already been taken, this authority is of the opinion that the FC herein be directed to approach the IRP, appointed in the aforesaid proceeding for doing needful in accordance with law in regard to the claim of the FC herein. 9. Resultantly, the FC is asked to approach IRP, appointed by this authority in Dy.No. 529. 10. The present proceeding is acco ..... X X X X Extracts X X X X X X X X Extracts X X X X
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