2018 (5) TMI 735

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....spondent : Lalit Singla, Adv. ORDER Per : R.P. Nagrath, Member (Judicial) This petition filed by the 'Operational-Creditor' under Section 9 of the Insolvency and Bankruptcy Code, 2016 (for brevity, 'the Code') read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 (for brevity 'the Rules') for initiating the insolvency resolution process was admit....

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....or as may be determined by the committee of creditors whichever is earlier; (iii) In terms of Section 17 of 'the Code', from the date of this 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....

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....'Code of Conduct' governing his profession as an Insolvency Professional with high standards of ethics and moral; (v) The Interim 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 th....