2021 (3) TMI 1452

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..... otherwise complete and defect free. The name of the IRP has been proposed whose consent is on record at Annexure-'C', hence, we appoint the same person as IRP against him no disciplinary proceedings are pending - application admitted. The application filed under Section 7 of the Insolvency Bankruptcy Code, 2016 stands allowed. - Madan B. Gosavi, Member(J) And Virendra Kumar Gupta, Member (T) For the Financial Creditor : Learned Counsel Mr. Atul Sharma. For the Corporate Debtor : Learned Counsel Mr. Harmish Shah appeared. ORDER [Per: VIRENDRA KUMAR GUPTA, MEMBER(T) 1. This Application is filed by the Raajratna Metal Industries Limited (hereinafter referred to as the 'Financial Creditor') through its Authorised Signatory un .....

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..... kruptcy Code, 2016. 4. The application is otherwise complete and defect free. The name of the IRP has been proposed whose consent is on record at Annexure-'C', hence, we appoint the same person as IRP against him no disciplinary proceedings are pending. 5. In view of the above facts and legal position applicable thereto, we hold that this application is deserves to be admitted. 6. In the result, the application filed under Section 7 of the Insolvency Bankruptcy Code, 2016 stands allowed in terms of following directions: ORDER 1. Real Strips Limited the Corporate Debtor is admitted in Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency Bankruptcy Code, 2016 and the moratorium is declared for prohibiting a .....

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..... of the Code The IRP did not give his fee schedule. 4. The IRP shall perform all his functions as contemplated, inter-alia, by Sections 17,18,20 21 of the Code. It is further made clear that all personnel connected with Corporate Debtor, its Promoter or any other person associated with management of the Corporate Debtor are under legal obligation under Section 19 of the Code extend every assistance and co-operation to the Interim Resolution Professional. Where any personnel of the Corporate Debtor, its Promoter or any other person required to assist or co-operate with IRP, do not assist or Co-operate, IRP is at liberty to make appropriate application to this Adjudicating Authority with a prayer for passing an appropriate order. 5. We direct .....

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