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TMI Blog2019 (7) TMI 1466X X X X Extracts X X X X X X X X Extracts X X X X ..... hich is in compliance of provisions of section 9 of the Insolvency and Bankruptcy Code admits this Petition declaring moratorium. Petition admitted. - C.P. (IB) 2823/2018 - - - Dated:- 1-5-2019 - Shri Bhaskara Pantula Mohan, Member (Judicial) And Shri V. Nalasenapathy, Member (Technical) For The Petitioner : Mr. Tanmay Kelkar, Advocate i/b. Mahajan And Mahajan For The Respondent : None Present. ORDER 1. This Company Petition is filed by Ultratech Cement Limited (hereinafter called Petitioner ) seeking to set in motion the Corporate Insolvency Resolution Process (CIRP) against Silveroak Commercials Limited (hereinafter called Corporate Debtor ) alleging th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5. The petitioner submit that the copy of the petition sent to the Corporate Debtor was returned with an endorsement as addressee left . Subsequently, the petitioner has taken out publication in Times of India dated 31.01.2019 and also in Nashik Pudari dated 31.01.2019 and filed proof of service. However, there is no representation on the side of the Corporate Debtor. 6. This Bench on hearing the petitioner and after going through the documents annexed to the petition is of the view that the Corporate Debtor is liable to pay the amount claimed in the petition and defaulted in making the payment. 7. This Bench having been satisfied with the Petition filed by the Operational Creditor which is in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pletion of the corporate insolvency resolution process or until this Bench approves the resolution plan under sub-section (1) of section 31 or passes an order for liquidation of corporate debtor under section 33, as the case may be. ( e) That the public announcement of the corporate insolvency resolution process shall be made immediately as specified under section 13 of the Code. ( f) That this Bench hereby appoints Mr. Rajendra Kumar Khandelwal, having office at 302, Tara Mahal, Plot No. 756, 5th Road, Khar (West), Mumbai 400052; having Registration No. IBBI/IPA- 001/IP-P01140/2018-19/11867 as an interim resolution professional to carry the functions as mentioned under the Insolvency Ba ..... X X X X Extracts X X X X X X X X Extracts X X X X
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