2019 (9) TMI 227

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....S. VIJAYARAGHAVAN, MEMBER (TECHNICAL) For The Operational Creditor : Mr. Aparjith Vishwanathan, Advocate And Ms. Akshay Bhatia, Advocate For The Corporate Debtor : Mr Thangamani, Advocate ORDER Per : MR. B. S. V. PRAKASH KUMAR, MEMBER (JUDICIAL) It is a Company Petition filed u/s 9 of the Insolvency & Bankruptcy Code, 2016 ("the Code") by the Operational Creditor seeking initiation ....

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....e, City Civil Court (Hyderabad) on 18.06.2015 decreed the suit for an amount of Rs. 27,58,513 along with interest @ 6% per annum till the realization. As the Corporate Debtor failed to pay despite decree was passed by the Learned XI Additional Chief Judge, City Civil Court (Hyderabad), this Operational Creditor filed this claim for an amount of Rs. 34,05,279 by placing the purchase orders, invoice....

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....st the corporate debtor including execution of any judgment, decree or order in any court of law, Tribunal, Arbitration panel or other Authority; (b) Transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest therein; (c) Any action to foreclose, recover or enforce any security interest created by the ....

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.... the completion of the corporate insolvency resolution process or until this Bench approves the resolution plan under sub-section (1) of section 31 or passes an order for liquidation of corporate debtor under section 33, as the case may be. (V) That the public announcement of the Corporate Insolvency Resolution Process shall be made immediately as specified under Section 13 of the Code. ....