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2017 (7) TMI 1149
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....echnical) ORDER 1. Heard Shri Nitish Bandary, Learned Counsel for the Applicant. None appeared for the Respondent. 2. The case was listed on 13.06.2017, 07.07.017 and 18.07.2017. The Learned Counsel for the Applicant submits that the case was admitted on 07.07.2017 and directed the Operational Creditor to intimate to the Corporate Debtor about the admission of the case and further directe....
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....actions:- (i) The institution of suits or continuation of pending suits or proceedings against the Corporate Debtor including execution of any judgment, decree or order in any court of law, Tribunal, arbitration panel or other authority: (ii) Transferring, encumbering, alienating or disposing of by the Corporate Debtor any of its assets or any legal right or beneficial interest therein; (....
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.... Professional by exercising powers under section 16 of IBC, 2016 ; (c) Direct to cause a public announcement of the initiation of Corporate Insolvency Resolution Process immediately as prescribed under section 15 (1) and (2) of Insolvency and Bankruptcy Code, 2016, on www.ibbi.gov.in (designated website of Insolvency and Bankruptcy Board of India, circulated vide IIBI/IP/PUBLIC ANN/221 da....
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....per Section 22 of the IBC. (e) Direct the personnel of M/s. Basai Steels and Power Pvt Ltd or its promoters or any other person associated with the management of M/s. Basai Steels and Power Pvt Ltd to assist and cooperate with Interim Resolution Professional to provide access to documents and records and management of the affairs of the Company. (f) We direct the Interim resoluti....