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TMI Blog2021 (2) TMI 302X X X X Extracts X X X X X X X X Extracts X X X X ..... he Respondents to show cause as to how, the consumption of coal when declared in the Returns (Monthly & Annually) and on the basis of which central excise duty has been paid on the final product, how on presumption the duty is sought to be levied on the basis of an audit objection raised by Central Excise & Revenue Audit (CERA) for the period 2009-2010 to 2013-2014. b) For issuance of an appropriate writ, order or direction, directing upon the Respondents to show cause as to, if at all, the consumption of coal in the Captive Power Plant is also subjected to Excise Duty. c) Consequent upon showing cause if any, and on being satisfied that the issuance of show cause notice viz, C.No. V(72)(15)04/APP/ADJ/JSR/2016/1024 Dated 02.02.2016 fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The application filed by the Operational Creditor under section 9 of the Insolvency & Bankruptcy Code, 2016 for initiating Corporate Insolvency Resolution Process against the Corporate Debtor, Kohinoor Steel Private is hereby admitted. ii. We declare a moratorium and public announcement in accordance with Sections 13 and 15 of the IBC, 2016. iii. Moratorium is declared for the purposes referred to in Section 14 of the Insolvency & Bankruptcy Code, 2016. The IRP shall cause a public announcement of the initiation of Corporate Insolvency Resolution Process and call for the submission of claims under Section 15. The public announcement referred to in clause (b) of sub-section (1) of Section 15 of Insolvency & Bankruptcy Code, 2016 shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iod, if the Adjudicating Authority approves the resolution plan under sub-section (1) of Section 31 or passes an order for liquidation of corporate debtor under Section 33, the moratorium shall cease to have effect from the date of such approval or liquidation order, as the case may be. ix. Necessary public announcement as per Section 15 of the IBC, 2016 may be made. x. Shri Ashok Kumar Sarawagi, IP Registration No. IBBI/IPA-001/IPP00171/2017- 18/10340 email id [email protected] is appointed as Interim Resolution Professional for ascertaining the particulars of creditors and convening a Committee of Creditors for evolving a resolution plan. xi. The Operational Creditor to pay a sum of Rs. 1,00,000/- (Rupees One lakh only) to IRP as ad ..... X X X X Extracts X X X X X X X X Extracts X X X X
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