2019 (6) TMI 638

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....Mr A.I.S. Cheema, Member (Judicial) And Mr Kanthi Narahari, Member (Technical) For The Appellant : Mr. Sunav Rastogi, Advocate For The Respondents : Mr. G. K. Jain, Chartered Accountant ORDER This appeal has been preferred by the Appellant, Shareholder of 'M/s. Hajee A.P. Bava & Company Constructions Pvt. Ltd.'- ('Corporate Debtor') against the order dated 11th March, 2019 passed by th....

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.... Chartered Accountant along with Mr. Hemant Sarin, Advocate appearing on behalf of 'M/s. OM Industrial Corporation'- ('Operational Creditor') submitted that the admitted claim by the 'Interim Resolution Professional' is Rs. 74,30,682/- which includes interest. This apart, the 'Operational Creditor' had to pay Rs. 2 Lakhs towards the Resolution Cost to the 'Interim Resolution Professional' for publ....

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....2th April, 2019 issued by 'The Federal Bank' for Rs. 7,43,142/- (Rupees Seven Lakh Forty Three Thousand One Hundred Forty Two Only) issued in the name of 'OM Industrial Corporation'. (iii) Demand Draft No.067498 dated 15th April, 2019 issued by 'The Federal Bank' for Rs. 2,00,000/- (Rupees Two Lakhs Only) issued in the name of 'OM Industrial Corporation'. Thus, a total sum of Rs. 76,30....

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....Resolution Professional' within 15 days. 8. In view of the fact that the total amount has been paid to the 'Operational Creditor' and the 'Committee of Creditors' has not yet been constituted, we set aside the impugned order dated 11th March, 2019. 9. In effect, order (s), passed by the Adjudicating Authority appointing 'Interim Resolution Professional', declaring moratorium, freezing of acc....