2017 (7) TMI 1071

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....hri Deepak Bhattacharjee, Learned Senior Counsel along with Shri Dishit Bhattacharjee, Learned Counsel for the Petitioner and Shri Alok Dhir, alongwith Shri A.S. Prashanth, Learned Counsels for the Respondent. 2. In continuation to the order dated 05.07.2017, after hearing both the Counsels, we are conscious of the fact that the Corporate Debtor is in the business of publishing newspapers, periodicals, touching lives of lakhs of people and employing thousands of people directly or indirectly. The Corporate Debtor is also in important Sector i.e print media. Considering above, we have granted sufficient opportunities for both the parties and after satisfying that no disciplinary proceedings are pending against the proposed Insolvency Resolu....

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....y legal right or beneficial interest therein; iii) Any action to foreclose, recover or enforce any security interest created by the Corporate debtor in respect of its property including any action under Securitization and Reconstruction of Financial Assets and Enforcement of Security interest Act, 2002 (54 of 2002) iv) The recovery of any property by an owner or lessor where such property is occupied by or in possession of the corporate Debtor; v) Section 14(2) of the IBC Code, 2016 already exempted supply of essential goods and services to the Corporate Debtor and in addition the Learned Counsels for the Respondent submitted that goods/services viz. Water, Electricity, Printing ink, Printing plates, Printing Blanket, Solvents etc. wi....