2017 (11) TMI 944

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

...., Mr. A.I.S. Cheema And Mr. Balvinder Singh For The Appellant : Mr. P. Jegan, Advocate. For The Respondent : Mr. Nikhil, Advocate ORDER 1. This appeal has been preferred by Appellant-'Corporate Debtor' against the order dated 16th August, 2017 passed by the Adjudicating Authority (National Company Law Tribunal), Chennai Bench, Chennai in TCP/232/(IB)/CB/2017 whereby and whereunder on t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....g Proceedings) Rules, 2016 as notified by the Central Government on 7th December, 2016 and subsequently modified, has not been complied with. The respondent has not submitted all information required for admission of the petition under Section 9 of the 'I&B Code' within 60 days, nor proposed the name of the 'Interim Resolution professional'. He further submits that the parties have already settled....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... application was fit to be rejected. The Adjudicating Authority having failed to notice the same, we set aside the impugned order dated 16th August, 2017. 7. In effect, order (s), if any, passed by Ld. Adjudicating Authority appointing 'Interim Resolution Professional', declaring moratorium, freezing of account, if any, and all other order (s) passed by Adjudicating Authority pursuant to impugn....