9911796707
TMI Blog2020 (12) TMI 1052X X X X Extracts X X X X X X X X Extracts X X X X ..... ication admitted - moratorium declared. - CP (IB) No. 701/9/NCLT/AHM/2019 - - - Dated:- 4-9-2020 - M.B. Gosavi, Member (J) And Virendra Kumar Gupta, Member (T) For the Appellant : Aman Shankar For the Respondent : Atul Sharma, Learned Counsel ORDER Virendra Kumar Gupta, Member (T) 1. This Application is filed under Section 9 of the Insolvency Bankruptcy Code, 2016 by the Operational Creditor Mr. Shashikant Thakkar to initiate Corporate Insolvency Resolution Process against Corporate Debtor M/s. Windsor Paper Pvt. Ltd. The outstanding principal sum has been stated of ₹ 1,25,000/- (Rupees One lacs Twenty Five Thousand only). 2. The brief facts of the case are as under : 1) The Operational Creditor stat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... no disciplinary proceedings are pending against him. 6) The Application filed under Section 9 of the Insolvency Bankruptcy Code, 2016 is defect free, hence, we admit the application and Corporate Insolvency Resolution Process (CIRP) is commenced by following order : ORDER 1. The application is admitted and the moratorium is declared for prohibiting all of the following in terms of Section 14(1) of the Code. (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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n to the Interim Resolution Professional. Where any personnel of the Corporate Debtor, its Promoter or any other person required to assist or co-operate with IRP, do not assist or Co-operate, IRP is at liberty to make appropriate application to this Adjudicating Authority with a prayer for passing an appropriate order. 5. This Adjudicating Authority direct the IRP to make public announcement of initiation of Corporate Insolvency Resolution Process (CIRP) and call for submission of claims under Section 15 as required by Section 13(1) (b) of the Code. 6. It is further directed that the supply of goods/service to the Corporate Debtor Company, it continuing, shall not be terminated or suspended or interrupted during moratorium period. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
