2017 (6) TMI 1171

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....EF TARIQ, MEMBERS (JUDICIAL) Represented by : Counsel Mr. T.K.Bhaskar ORDER CH MOHD SHARIEF TARIO, MEMBER(JUDICIAL) :- (ORAL) Under adjudication is an application filed under section 9 of IBC, 2016. Having perused the application and the documents placed on record, it is established that the corporate debtor defaulted in payment as detailed in the statutory notice dated 27.02.2017. Rep....

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....rate insolvency resolution process which ordinarily shall get completed within 180 days, reckoning from the day this order is passed. 3. We appoint Mr.V.Mahesh, as interim insolvency professional who has been proposed by the operational creditor. He is directed to take charge of the corporate debtor immediately. He is also directed to cause public announcement as prescribed under Section 15 of ....

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....f law, tribunal, arbitration panel or other authority; (b) Transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest therein; (c) Any action to foreclose, recover or enforce any security interest created by the corporate debtor in respect of its property including any action under the Securitisation a....