2017 (8) TMI 1655

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....for 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 presen....

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....No.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 disc....