2017 (9) TMI 1616

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....(Judicial) Mr.Yash Pal Gupta, Advocate for the  petitioner Mr. Alankar Narula, Advocate for the respondent ORDER This petition was filed in the Hon'ble High Court under Section 433(e) and 434 of the Companies Act, 1956 and on transfer in terms of Companies (Transfer of Pending Proceedings) Rules, 2016, the same was proceeded by this Tribunal as petition under Section 7 of the Inso....

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....appointment, the powers of the Board of Directors shall stand suspended and the management of the affairs shall vest with the Interim Resolution Professional and the officers and the managers of the 'Corporate Debtor' shall report to the Interim Resolution Professional, who shall be enjoined to exercise all the powers as are vested with Interim Resolution Professional and strictly perform all the ....

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....terim Resolution Professional shall endeavour to constitute the Committee of Creditors at the earliest but not later than three weeks from the date of this order. It is hereby directed that the 'Corporate Debtor', its properties, personnel and the persons associated with the management shall extend all cooperation to the Interim Resolution Professional in managing the affairs of the 'Corporate Deb....