9911796707
TMI Blog2019 (6) TMI 1362X X X X Extracts X X X X X X X X Extracts X X X X ..... f the Corporate Insolvency Resolution Process is ordered which ordinarily shall get completed within 180 days, reckoning from the day this order is passed. Mr. A.R. Ramasubramania Raja is hereby appointed as IRP as has been proposed by the Financial Creditor - The moratorium is hereby declared which shall have effect from the date of this Order till the completion of Corporate Insolvency Resolution Process - Application admitted. - CP/1398/IB//2018 - - - Dated:- 4-4-2019 - CH. MOHD SHARIEF TARIQ, MEMBER (JUDICIAL) For The Applicant : Rohan Rajasekaran, Counsel For The Respondent : A.G. Sathyanarayana, Counsel ORDER CH. MOHD SHARIEF TARIQ, MEMBER (JUDICIAL ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ditor has placed on record the statement of account for the period from 01-03-2015 to 12-11-2018 at pages 12 to 17 of the typed set filed with the Application which shows that an amount of ₹ 75,00,00/- has been transferred form the account of the Financial Creditor to the account of the Corporate Debtor, on 31-03-2015. 5. The Financial Creditor has referred to the letter dated 13.06.2018 sent by him enclosing therewith interest statement to the Corporate Debtor requesting therein to settle the entire claim amount of ₹ 1,17,75,000/- as early as possible. Copy of letter and interest statement dated 13.05.2018 are placed at pages 6 and 7 of the typed set filed with the Application which have been acknowledged by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red which shall have effect from the date of this Order till the completion of Corporate Insolvency Resolution Process, for the purposes referred to in section 14 of the I B Code, 2016. It is hereby ordered to prohibit all of the following, namely: (a) The institution of suits or continuation of pending suits or proceedings against the corporate debtor including execution of any judgment, decree or order in any court of law, tribunal, arbitration panel or other authority; (b) Transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest therein; (c) Any action to foreclose, recover or enforce any security intere ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
