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TMI Blog2019 (9) TMI 1565X X X X Extracts X X X X X X X X Extracts X X X X ..... m the invoices and the notice under section 8 of the Code. The petition filed under Section 9(2) of the Code is complete in all respects. This Authority has thus no hesitation in admitting the petition. The Company Petition be and he same is admitted, ex parte - Moratorium declared. - TCP(IB) NO. 106/9/AMR/2019, CP(IB) NO. 382/9/HDB/2018 - - - Dated:- 9-9-2019 - Janab Mohammed Ajmal, J. For Petitioner/Operational Creditor: Mrs. J.V.L. Bharati, Advocate with Mrs. Padmasri Appanna, PCS For Respondent/Corporate Debtor: None. ORDER The Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 ( the Code for short) to initiate Corporate Insolvency Resolution Process (CIRP) of the Respondent for it ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cating the total default to be ₹ 8,61,988.32. It has suggested the name of Shri Pradeep Kumar Sravanam as Interim Resolution Professional (IRP). The proposed IRP has given his consent for appointment. No disciplinary proceedings is pending against him and his name is reflected in the IBBI website. The petition was transferred to this Bench upon its establishment. c) The Petitioner served a copy of the Petition on the Respondent by DTDC Courier on 14.05.2019, before filing the petition. During the hearing held on 14.06.2019, the Adjudicating Authority directed the Petitioner to issue notice to the Respondent afresh for its appearance on 02.07.2019. The Petitioner issued notice by Speed Post on 22.06.2019 and filed the tracking repor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ge, Kachavani Singaram, Hyderabad - 500088; e-mail ID: [email protected] and [email protected]; Mobile No. 8008882331 is appointed as the Interim Resolution Professional (IRP). iv. He is directed to take charge of the Respondent/Corporate Debtor s management forthwith and take necessary steps in furtherance of the CIRP in terms of Sections 13(2), 15, 17, 18 and 20 of Code and Rules made thereunder. V. Moratorium in respect of the respondent is hereby declared under Section 14 of the Code. Vi. The Directors, Promoters or any other person(s) associated with the Management of Corporate Debtor shall extend all assistance and cooperation to the IRP as stipulated under section 19 and for effectively discharging his functions ..... X X X X Extracts X X X X X X X X Extracts X X X X
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