2019 (10) TMI 1500

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..... Since the stay order dated 04.05.2017 issued by the Hon'ble High Court of Madras has been vacated, the Order dated 21.04.2017 passed by this Adjudicating Authority gets revived. Therefore, the Interim Resolution Professional is directed to continue the CIR Process against the Corporate Debtor by causing fresh Public Announcements as per Regulation 6 (1) of the Insolvency and Bankruptcy Board o .....

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..... et filed with the Application, whereby the CIR Process was initiated against the Corporate Debtor viz., M/s. Vasan Health Care Private Limited and the Applicant viz. Mr. V. Mahesh was appointed as Interim Resolution Professional. Pursuant to the Order of this Authority dated 21.04.2017, the Interim Resolution Professional had taken over the management of the Corporate Debtor and had issued t .....

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..... ese facts, the Interim Resolution Professional viz. V. Mahesh has prayed to allow him to continue the CIR Process and permit him to make public announcement afresh, as the time period of the earlier announcement has got lapsed due to the stay order issued by the Hon'ble High Court of Madras, and to verify the claims in consonance with the I B Code, 2016 read with IBBI (CIRP) Regulations, 2016. .....

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