9911796707
TMI Blog2017 (8) TMI 507X X X X Extracts X X X X X X X X Extracts X X X X ..... disclosed the particulars of debt owed by the Corporate Debtor to or by persons connected with it, the name and the address of the members of the Corporate Debtor with the details of their shareholdings, details of personal guarantees and the affidavit in support of the petition. On reading the petition and the supporting documents annexed with the petition, this Bench is of the view that the corporate debtor has committed default and the petition contains the particulars as required u/s 10 of the Code. Hence, this Bench hereby admits this petition, declaring moratorium with consequential directions. - C. P. NO. 1055/I & BP/NCLT/MAH/2017 - - - Dated:- 28-6-2017 - B.S.V. Prakash Kumar, Member (Judicial) V. Nallasenapathy, Member (Tec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0033/2016-17/10070, Email:[email protected], as interim resolution professional, who has given his consent with a declaration that no disciplinary proceedings are pending against him. 4. The Corporate Debtor has disclosed that a sum of ₹ 451,63,58,084/- is payable to Financial Creditors, ₹ 20,50,97,538/- to Operational Creditors, ₹ 91,32,445/- is the unpaid dividend, ₹ 24,82,31,681/- towards Duties and Taxes and other liabilities works out to ₹ 86,63,866/-, thus the total liability is ₹ 498,74,86,614/-. 5. The Independent Auditors Report annexed to the Annual Accounts for the year ending 31.03.2016 states that the Company failed to repay the deposits and interest thereon due dates, redeem its debe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of any judgment, decree or order in any court of law, tribunal, arbitration panel or other authority; transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest therein; any action to foreclose, recover or enforce any security interest created by the corporate debtor in respect of its property including any action under the Securitisation and Reconstruction of Financial 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 debtor. (ii) That the supply of essential goods or services to the corporate debtor, if continuing, shall not be te ..... X X X X Extracts X X X X X X X X Extracts X X X X
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