9911796707
TMI Blog2020 (2) TMI 1652X X X X Extracts X X X X X X X X Extracts X X X X ..... (T) For Appellant/Respondent: Party-in-Person DECISION 1. MA/05/KOB/2020 has been filed by the Interim Resolution Professional / Resolution Professional under Section 33(2) of the IBC, 2016. This Tribunal vide order dated 13.09.2019 in TIBA/1/KOB/2019 (IBA/74/2019 of NCLT Chennai Bench) ordered the Corporate Insolvency Resolution Process under Section 9 of the IBC, 2016 filed by the Operational ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ue from the following parties to the Corporate Debtor: Erixon Rs. 2,18,923.00 Mobi-Soft Rs. 3,40,320.00 Sabkaa Payments Limited Rs. 89,97,785.00 4. According to the RP, even after issuing notice, no response was obtained from the above parties. RP has also noted that Sabkaa Payments Limited is the subsidiary company of the Corporate Debtor and the suspended directors of the Corporate Debtor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 19 submitted his report before this Bench with the following prayers: (i) To pass suitable orders to liquidate the Company under Section 33(2) of the IBC 2016; (ii) To appoint Resolution Professional as the Liquidator of the Company. (iii) To pass suitable orders under section 60(5) to Sabkaa Payments Limited, Erixon Business Solutions and Mobi Soft Technology India Pvt Ltd to repay the amou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d AFA issued by IPA before this Tribunal within 7 days of issue of this Order. (iii) The liquidator is directed to adhere to Section 33(1) (ii) & (iii) and discharge his powers and duties as specified under Section 35 to 41 of IBC, 2016 and meticulously adhere to the Rules and Regulations issued by IBBI in this regard from time to time. Accordingly, the MA/05/KOB/2019 in TIBA/01/KOB/2019 stands ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
