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TMI Blog2017 (6) TMI 1171X X X X Extracts X X X X X X X X Extracts X X X X ..... ncy resolution process which ordinarily shall get completed within 180 days, reckoning from the day this order is passed. We appoint Mr.V.Mahesh, as interim insolvency professional who has been proposed by the operational creditor. He is directed to take charge of the corporate debtor immediately. He is also directed to cause public announcement as prescribed under Section 15 of the Code within ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... :- (ORAL) Under adjudication is an application filed under section 9 of IBC, 2016. Having perused the application and the documents placed on record, it is established that the corporate debtor defaulted in payment as detailed in the statutory notice dated 27.02.2017. Reply to the notice has been received wherein some issues have been raised but that does not constitute existence of any dispu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is passed. 3. We appoint Mr.V.Mahesh, as interim insolvency professional who has been proposed by the operational creditor. He is directed to take charge of the corporate debtor immediately. He is also directed to cause public announcement as prescribed under Section 15 of the Code within three days from the date the copy of this order is received, and call for submissions of claim under sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate debtor any of its assets or any legal right or beneficial interest therein; (c) 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 (54 of 2002); (d) The recovery of any property by an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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