2017 (11) TMI 1963

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....Chamaria, Advocate And Mr. M.Ali, Advocate. For the Respondents: Mr. J.Saha, Sr.Advocate, Mr.A.Gaggar, Advocate And Mr.D.Choudhury, Advocate. ORDER The Central Bank of India, the Financial Creditor (FC) had filed an application under Section 7 of the Code of 2016 (in short, the Code of 2016) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2....

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....CD in response to such direction entered appearance and filed written objection to which the FC too filed reply. 4. On hearing the parties, the AA still found some defects in the application aforesaid. Accordingly, vide order dated 24.10.2017, the FC was once again directed to rectify the defects pointed out vide order dated 24.10.2017. Responding thereto, the FC has submitted application remov....

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....529. 7. On such admission, this authority has also rendered necessary directions in accordance with the requirements of the Section 13 and 14 of the Code of 2016 and also appointed Interim Resolution Professional (in short, "IRP") for taking such action(s) as are mandated by law and the Rules framed there-under. 8. Since an application U/s.7 of the Code of 2016 read with Rule 4 of the Rules ....