9911796707
TMI Blog2017 (8) TMI 343X X X X Extracts X X X X X X X X Extracts X X X X ..... be observed that there was a spell of holidays from 08.4.2017 to 16.4.2017 (both days inclusive) and 22.4.2017 and 23.4.2017, were weekly holidays which have to be excluded. It is further directed that the insolvency Resolution Professional shall positively file a report of events before this Tribunal every 10 days in relation to the 'Corporate Debtor'. Copy of this order be supplied to the counsel or the Authorised Representative of applicants and be also supplied to the respondent or its counsel. The Registry is also directed to send copy of this order along with the order dated 7-4-2017 by email to Mr. Alok Yadav, the IRP. - CP (IB) NOS. 13 & 14 CHD/HRY/2017 - - - Dated:- 24-4-2017 - MR. R.P. NAGRATH AND MS. DEEPA KRISHAN, JJ. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 00/- plus actual expenses, if any, and the said fee is to be paid by the 'Applicant - Operational Creditors'. We have heard the learned counsel for the parties. Learned counsel for respondent submitted that the respondent-company filed an Appeal before the NCLAT and notice of the Appeal has been issued for 04.5.2017. It is not the case of respondent that Hon'ble NCLAT has directed stay of operation of the order dated 07.4.2017. Under section 16(1) of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred as the 'Code'} the 'Adjudicating Authority is to appoint an Interim Insolvency Professional within 14 days from the insolvency commencement date. As per Section 9(6) of the Code' the Insolvency comm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... officers and the managers of the 'Corporate Debtor' shall report to the Interim Resolution Professional, who shall be enjoined to exercise all the powers as are vested with Interim Resolution Professional and strictly perform all the duties as are enjoined on the Interim Resolution Professional under Section 18 and other relevant provisions of the Code including taking control and custody of the assets over which the 'Corporate Debtor' has ownership rights recorded in the balance sheet of the 'Corporate Debtor' etc. as provided in Section 18(1)(f) of 'the Code'. The Interim Resolution Professional is directed to prepare a complete list of inventory of assets of the 'Corporate Debtor'. (iv) The Int ..... X X X X Extracts X X X X X X X X Extracts X X X X
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