9911796707
TMI Blog2022 (2) TMI 1242X X X X Extracts X X X X X X X X Extracts X X X X ..... filed through the Resolution Professional for which, due authorization by the Financial Creditor, i.e. Bank of Baroda has also been placed on record. The consent given by the proposed IRP along with the relevant papers have also been placed on record for consideration by this Tribunal - It is seen that Authorization for Assignment (AFA) has also been filed by the applicant and the same is valid up ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gh the Guarantee executed by the Personal Guarantor in favour of the Financial Creditor with respect to the loan taken by the Corporate Debtor, namely, ANG Industries Limited. 2. The present Application has been filed through the Resolution Professional for which, due authorization by the Financial Creditor, i.e. Bank of Baroda has also been placed on record. The consent given by the proposed I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . In the meantime, it is hereby declared that Interim Moratorium in terms of Section 96 of the Code shall commence from the date of filing of the present Application with this Adjudicating Authority. 7. Accordingly, the provisions of Section 96 of the Code have come into force with effect from the said date. 8. The said Section 96 of the Code is reproduced below for information to all concer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not apply to such transactions as may be notified by the Central Government in consultation with any financial sector regulator . 9. In view of above, the aforesaid Resolution Professional is directed to proceed in the matter and take necessary steps and submit his report in terms of Section 99 of the Code to this Adjudicating Authority within the time, as prescribed under the Code. 10. List ..... X X X X Extracts X X X X X X X X Extracts X X X X
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