2018 (4) TMI 1881

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....r : Ms. Savita Nangare, Adv. For the Respondent:None Present. ORDER V. Nallasenapathy, J. 1. This Company Petition is filed by Vijisan Exports Pvt. Ltd. (hereinafter called "Petitioner") seeking to set in motion the Corporate Insolvency Resolution Process (CIRP) against Ciemme jewels Limited (hereinafter called "Corporate Debtor") alleging that Corporate Debtor committed default on 28.....

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....e unable to settle the outstanding dues for a long time and the outstanding will be paid once the revival plan which is in offing get succeeds. 3. The Petitioner filed Certificate issued by IDBI Bank as required under Section 9(3)(c) of the Code and also filed Affidavit stating that no dispute has been raised by the Corporate Debtor. 4. The Counsel for the Corporate Debtor appeared for the t....

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....ed by the operational creditor which is in compliance of provisions of section B & 9 of the Insolvency and Bankruptcy Code admits this Application declaring Moratorium with the directions as mentioned below: i) That this Bench hereby prohibits the institution of suits or continuation of pending suits or proceedings against the corporate debtor including execution of any judgment, dec....

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.... iii) That the provisions of sub-section (1) of Section 14 shall not apply to such transactions as may be notified by the Central Government in consultation with any financial sector regulator. iv) That the order of moratorium shall have effect from 18.04.2018 till the completion of the corporate insolvency resolution process or until this Bench approves the resolution plan under sub....