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TMI Blog2017 (8) TMI 1655X X X X Extracts X X X X X X X X Extracts X X X X ..... or petitioner is present. No representation for the Respondent Falcon Tyres Ltd. Counsel for impleading party is also present. Counsel for impleading party reported no objection for appointing IRP in the main petition. Originally, the petitioner M/s Belthangady Taluk Rubber Grower's Marketing & Processing Co-operative Society Limited, has filed this petition under Section 9 of Insolvency & Bankruptcy Code to initiate Insolvency Resolution Process against the Respondent No.1 Company. In this matter Respondent No.1 Company filed a Writ Petition before the Hon'ble High Court of Karnataka bearing WP Nos. 21489-21490/2017. The Hon'ble High Court has subsequently passed an order dated 07.08.2017 in this matter directing the parties to be present ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o.1 Company under Section 9 of the Insolvency & Bankruptcy Code. The counsel for impleading respondent reported no objection. There is no objection filed from the Company. We have gone through the documents filed by the petitioner. The Petitioner Company has also named the IRP to be appointed in this case. His name is Mr. Anand Ramachandra Bhat, Registration No. IBBI/IPA-001/IP-P00467/2017-18/10810 residing at No.81, 8th main, 8th Main, Kumara Park West, Serpentine Road, Bangalore-560020, Email: ab.inspro@outlook.com Since the petitioner/Operational Creditor has furnished all information required for initiating Insolvency Resolution Process against the Respondent-1 Company, this Bench is satisfied that the corporate debtor failed to disch ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ral Government in consultation with any financial sector regulator. iv. That the order of moratorium shall have effect from 30th August, 2017 till the completion of the corporate insolvency resolution process or until this Bench approves the resolution plan under sub-section (1) of Section 31 or passes an order for liquidation of corporate debtor under Section 33, whichever is earlier. v. That the public announcement of the corporate insolvency resolution process shall be made immediately as specified under section 13 of the code. vi. That this Bench hereby appoints Mr. Anand Ramachandra Bhat, Registration No. IBBI/IPA-001/lp-p00467/2017-18/1 0810, residing at No.81, 8th main, 8th Main, Kumara Park West, Serpentine Road, Bangalore-560 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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