TMI Blog2018 (12) TMI 1942X X X X Extracts X X X X X X X X Extracts X X X X ..... view that there are debts and the Corporate Applicant has committed default in repayment of the debts and the Petition contains the particulars as required u/s 10 of the Code. Application admitted - moratorium declared. - C.P (IB) -3863/(MB)/2018 - - - Dated:- 11-12-2018 - Hon ble Bhaskara Pantula Mohan, Member (J) and Hon ble V. Nallasenapathy, Member (T) For the Applicant: Mr. Rahul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dinary General Meeting Held on 09.07.2018 resolved to initiate Corporate Insolvency Resolution Process by filing a petition u/s 10 of the Code. The Board of Directors of the Corporate Applicant in their meeting held on 27.07.2018 authorised Mr. K.V. Ballikar, Chairman Managing Director and Mr. Orlando F. Mascarenha.s, Director of the Company, to file necessary application under the Code. 4. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g address at Plot No.23, Jaripatka, Nagpur, Maharashtra, e-mail Salujasuresh@gmail.com as Interim Resolution Professional (IRP) to carry the functions as mentioned under the Code. 7. On perusal of the Petition and the documents annexed with the Petition, this Bench is of the considered view that there are debts and the Corporate Applicant has committed default in repayment of the debts and the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ancial Assets and Enforcement of Security Interest Act, 2002; the recovery of any property by an owner or lessor where such property is occupied by or in the possession of the Corporate Applicant. (ii) That the supply of essential goods or services to the Corporate Applicant, if continuing, shall not be terminated or suspended or interrupted during moratorium period. (iii) That the provision ..... X X X X Extracts X X X X X X X X Extracts X X X X
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