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TMI Blog2018 (5) TMI 1558X X X X Extracts X X X X X X X X Extracts X X X X ..... sions of Sections 13(2), 15, 17 & 18 of the Code. The directors of the Corporate Debtor, its promoters or any person associated with the Management of the Corporate Debtor are/is directed to extend all assistance and cooperation to the IRP as stipulated under Section 19 and for discharging his functions under Section 20 of the I&B Code, 2016. Registry is directed to issue the copy of this Order informing the IRP to make compliance with this Order as per the provisions of I&B Code, 2016. - CP/200/(IB)/CB/2018 - - - Dated:- 20-4-2018 - CH MOHD SHARIEF TARIQ, J. For The Corporate Debtor : Mr. R. Sankaranarayan, Sr. Counsel ORDER CH MOHD SHARIEF TARIQ MEMBER (JUDICIAL): 1. Under adjudication is an Application f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ped set filed with the Application. 5. The Corporate Debtor has 58 Operational Creditors and the total amount of default in relation to the Operational Creditors is shown as ₹ 1,31,42,629/-. The statement showing name of Operational Creditors and the details of bill numbers and the amount raised by the Corporate Debtor is placed at pages 27 to 32 of the typed set filed with the Application. 6. The Corporate Debtor has filed an unaudited Statement of Affairs which reflects an accumulated loss incurred by it to the extent of ₹ 13,23,38,942/- as on 14-02-2018, the copy of which is placed at page 33 of the typed set filed with the Application. Besides that, the Corporate Debtor has filed the Audited Financial Statement for the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ocess for the Applicant/Corporate Debtor which ordinarily shall get completed within 180 days, reckoning from the day this order is passed. 9. Mr. S. R. Krishnan has been proposed by the Corporate Debtor for appointment as IRP in this case. There is no disciplinary proceedings pending against him and his name is reflected in revised panel of IRP list provided by the IBBI. Therefore, Mr. S. R. Krishnan is appointed as IRP and is directed to take charge of the Corporate Debtor s assets and management immediately. He is also directed to cause public announcement as prescribed under Section 15 of the I B Code, 2016 within three days from the date the copy of this order is received, and call for submissions of claim in the manner as prescribe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ters or any person associated with the Management of the Corporate Debtor are/is directed to extend all assistance and cooperation to the IRP as stipulated under Section 19 and for discharging his functions under Section 20 of the I B Code, 2016. 12. The Registry is directed to issue the copy of this Order informing the IRP to make compliance with this Order as per the provisions of I B Code, 2016. 13. The Registry is directed to communicate this Order to the Corporate Debtor. The details of the address of the IRP are as follows: - Mr. S.R. Krishnan , Reg. No: IBBI/IPA-001/IP-P00909/2017-18/11509 No. 6, Khabag Castle, 3B, Circular Road, United India Colony, Kodambakkam, Chennai - 600 024. Email: krishnansroman@gmai ..... X X X X Extracts X X X X X X X X Extracts X X X X
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