9911796707
TMI Blog2021 (6) TMI 852X X X X Extracts X X X X X X X X Extracts X X X X ..... #39;Operational Creditor'), claiming to be an Operational Creditor, seeking initiation of Corporate Insolvency Resolution Process ('CIRP') against ADIG JEMTEX Pvt. Ltd. ('Corporate Debtor'/'Respondent'). The instant Application is filed through an authorised representative of Applicant, Mr. Vinod Kumar Sodam. authorised through board resolution dated 31.10.2020. 2. The Applicant is a Company limited by shares incorporated under the provisions of the Companies Act, 1956 on 29.12.1984 and duly registered with the Registrar of Companies, Jaipur, with CIN L17118RJ1984PLC003173. The registered office of the Applicant Company is at Atun, Chittorgarh Road, Bhilwara- 311001 (Rajasthan). The Applicant is in the business ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 02,842/- which was served upon the Respondent on 07.11.2020. The Respondent vide reply dated 19.11.2020 acknowledged and admitted its liability towards the claim amount, however no payment was made by the Respondent. Thus, the Applicant filed the present Application under Section 9 of the Code. 6. As claimed by the Applicant, the Respondent is liable to pay an amount of Rs. 2,32,02,842/- as reflected in Part IV of Form- 5 filed. 7. In reply to the Application, the Respondent admitted liability towards the claim amount and stated that it could not make timely payments due to unforeseeable and unfortunate events. 8. The Applicant had filed a rejoinder reiterating its pleadings as mentioned in the Application and praying that the present Ap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of India (Application to Adjudicating Authority) Rules, 2016, stating therein that no disciplinary proceedings are pending against the named IRP. 13. The credentials of the proposed IRP have been checked from IBBI website (www.ibbi.gov.in) and nothing adverse is found on record. In view of the same, this Adjudicating Authority appoints Mr. Rishabh Chand Lodha with Registration No. IBBI/IPA-001/IP-PO1075/2017-2018/11766 (email id: [email protected] Mob: +91-7042527528) duly registered with the Insolvency and Bankruptcy Board of India, as the IRP. The IRP is directed to take all such steps as are required under the statute, inter-alia in terms of Sections 15, 17, 18, 19, 20 and 21 of the Code and transact proceedings with utmost dedi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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