2019 (3) TMI 1781

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nd Varun Srinivasan, Advs. For the Respondent : Ramesh Kumar, Adv. ORDER B. S.V. PRAKASH KUMAR, JUDICIAL MEMBER - 1. It is a Company Application filed u/s 7 of the Insolvency & Bankruptcy Code, 2016 ("the Code") by the Financial Creditor ("IDBI Bank Limited") seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor (Orchid Healthcare Private Limited) on the gr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Bankruptcy Code, the financial creditor can proceed against the corporate debtor. 3. On perusal of the material papers placed by this Financial Creditor, this Bench, by looking at the documents furnished, being satisfied that debt and default are in existence and there being no objection from the Corporate Debtor side for this Bench initiating CIRP against the Corporate Debtor, we hereby, looking....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ng any action under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002; (d) the recovery of any property by an owner or lessor where such property is occupied by or in the possession of the corporate debtor. II. That Supply of essential goods or services to the corporate debtor, if continuing, shall not be terminated or suspended or interru....