TMI Blog2020 (2) TMI 1652X X X X Extracts X X X X X X X X Extracts X X X X ..... f the Corporate Debtor and the suspended directors of the Corporate Debtor are directors in the said company - The Resolution Professional further submitted that no positive response was received with regard to his efforts of a possible resolution plan of the Corporate Debtor. He has also noticed that the Corporate Debtor was under severe financial stress since the last 2 years and the Company had ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reditor M/s. V-Con Integrated Solutions Pvt Ltd against the Corporate Debtor M/s. Achariya Techno Solutions (India) Pvt Ltd and appointed the applicant herein Shri Shawn Jeff Christopher as the Interim Resolution Professional (IRP) / Resolution Professional (RP). 2. Public Notice was issued by IRP for inviting the claims. The report on constitution of COC was also filed before this Tribunal. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bkaa Payments Limited is the subsidiary company of the Corporate Debtor and the suspended directors of the Corporate Debtor are directors in the said company. 5. The Resolution Professional further submitted that no positive response was received with regard to his efforts of a possible resolution plan of the Corporate Debtor. He has also noticed that the Corporate Debtor was under severe finan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s under section 60(5) to Sabkaa Payments Limited, Erixon Business Solutions and Mobi Soft Technology India Pvt Ltd to repay the amount due to the Corporate Debtor (iv) To make such orders as may be necessary for meeting the ends of justice. 8. After hearing the learned counsel for the Resolution Professional and also thoroughly perusing the whole case records, we pass the following order: ..... X X X X Extracts X X X X X X X X Extracts X X X X
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