TaxTMI 
TaxTMI 
TaxTMI 
2017 (4) TMI 1398
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....Mr. Swatarup Banerjee, Advocate, Mr. Avishek Guha, Advocate, Mr. Avishek Sikdar, Advocate For the petitioner ORDER This application has been filed under section 8 and 9 of the Insolvency and Bankruptcy Code, 2016 by the Operational Creditor for initiation of Corporate Insolvency Resolution Process against the Corporate Debtor, Prowess International (P) Ltd. on account of default for not making....
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....2015 for a sum of Rs. 10,17,000/- and Rs. 22,03,500/- respectively. The said invoices have been annexed as Exhibits "C" to "F" with the petition. Thus, the Corporate Debtor was liable to pay a total sum of Rs. 73,73,250/- The Operational Creditor has further submitted that out of the total invoice value, the Corporate Debtor has only paid a sum of Rs. 28,00,000/- to the Operational Creditor and th....
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....etition has been signed by Ms. Priti Baria, as Company Secretary of Parker Hannifin India Pvt. Ltd., who has been authorised by the Board Resolution to present the petition under the Insolvency and Bankruptcy Code, 2016 for initiating corporate insolvency process. On the basis of documents filed by the petitioner, it appears that the Corporate Debtor has committed default in making payment of Rs. ....
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....er has also certified that Shri Arun Kumar Gupta is fully qualified and permitted to act as Interim Resolution Professional. The proposed IRP, Shri Arun Kumar Gupta has also given his consent letter in form no.2 of Insolvency and Bankruptcy Code (Application to Adjudicating Authority) Rules, 2016 and he has also certified that no disciplinary proceeding is pending against him with the Board or Ind....