2017 (9) TMI 676

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....file the Insolvency Application as specified above. It is further submitted in the instant application being CA No.06/C-3/2017 that a prayer has been made to restore the petition to its original position which had been dismissed for non-prosecution by this Tribunal vide order dated 6.7.2017. The applicant further states that the insolvency application was filed on 27.6.2017 and thereafter even though enquiries were made with the Registry on 28.6.2017 as well as on 30.6.2017, no specific date of posting was forth coming. However, the applicant submits that on 6.7.2017 when again enquiries were made, it was found that the matter had been listed on 5.7.2017 and re-notified to 6.7.2017 and on the said date due to non-appearance of applicant, th....

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....main insolvency application has been filed by State Bank of India being the Financial Creditor for unleashing the Corporate Insolvency Resolution Process against the Corporate Debtor on 27.6.2017. The amount which is clamed as per the insolvency application filed by the Financial Creditor is stated to be in a sum of Rs. 63,53,44,632.63/-. It is also evident from the amount claimed that it is quite substantial sum which the Financial Creditor despite repeated notices as well as approaching other forums have not be in a position to recover and this ultimately had made the Financial Creditor Bank to seek and avail the provisions of IBC, 2016 by approaching this Tribunal bringing to light the insolvency of Corporate Debtor. However, a Financial....