2019 (6) TMI 1395

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....Sr. Counsel And J.R. Jayant and Gavrv Chatterjee For The Respondent : B. Dhanaraj ORDER 1. Counsels for both the parties are present. Counsel for the Applicant has submitted that an amount of Rs. 7,64,54,285.20 is outstanding towards the Corporate Debtor as on 04.03.2019. Due to which, he has moved this Application under Section 9 of IBC after fulfilling all the requirements of Section 8 ....

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....and cause wrongful losses to all the creditors including the Applicant herein. Therefore, it has become essential for the Applicant to approach this Tribunal to restrain the Respondent from alienating any of its assets or to create any 3rd party right with a malafide intent of defeating the legitimate claim of the creditor including that of the Applicant. 3. In reply to the Application, the Cou....