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2019 (3) TMI 1584

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..... Insolvency Code overrides the other laws under section 238 of the Insolvency Code hence an independent and separate view can be taken in this case of Corporate Defaulter. It is worth to mention that M/s Geetanjali Gems Limited being a Corporate Debtor is under Insolvency Proceedings under section 7 of the Code in respect of a Petition filed by ICICI Bank vide an Order dated 8th October, 2018. I .....

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..... y the Resolution Professional Mr. Vijaykumar Garg and the only prayer is that the Resolution Professional be allowed to open a separate Bank Account with ICICI Bank, Bandra Kurla Complex Branch, Mumbai. 3. On 26.10.2018 the R.P. has informed that the Committee of Creditors had voted in favour of Creation of an initial Corpus of Rupees Ten Crores to be contributed by the Member of the Comm .....

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..... jali Gems Limited being a Corporate Debtor is under Insolvency Proceedings under section 7 of the Code in respect of a Petition filed by ICICI Bank vide an Order dated 8th October, 2018. 5. It is also worth to place on record that the Corpus Fund so arranged is under the directions of NCLT, Mumbai Bench to facilitate the Insolvency Proceedings, hence the assetnow so generated is in compli .....

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