2021 (5) TMI 13

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.... against the respondent herein. The Registered Office of the respondent is situated at Plot No. 128(C), Prachi Enclave Chandrasekarpur, Bubhaneswar, Khordha - 751 016. Hence, this Adjudicating Authority has jurisdiction to hear this application. 2. Pleadings are completed. This application is filed by Mr. Bishwajeet Bhaskar, who has been authorised by the Board resolution dated 29th May, 2019 to represent the applicant. Ld. Counsel for the petitioner submits that the loan in the form of Inter Corporate Deposit was given under an ICD Agreement dated 10.03.2010 for a sum of Rs. 2,50,00,000/- (Rupees Two Crore and Fifty Lakh Only) with interest at the rate of 12 per cent per annum, by M/s. Wardha Power Corporation. The after by deed of assign....

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....ction 14 of the Insolvency and Bankruptcy Code, 2016. The Interim Resolution Professional shall cause a public announcement of the initiation of Corporate Insolvency Resolution Process and call for the submission of claims under Section 15. The public announcement referred to in Clause (b) of Sub-section (1) of Section 15 of Insolvency & Bankruptcy Code, 2016 shall be made immediately. iv) Moratorium under Section 14 of the Insolvency & Bankruptcy Code, 2016 prohibits the following. a) The institution of Suits or continuation of pending suits or proceedings against the Corporate Debtor including execution of any judgment, decree or order in any Court of law, Tribunal, Arbitration Pane, or other Authority. b) Transferring, encumbering, al....