TaxTMI 
TaxTMI 
2018 (4) TMI 1890
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....r the Petitioner: Mr. Pankaj Bhagat, Advocate For the Respondent: Mr. Arvind Kumar Gupta, Ms. Henna George and Ms. Shruti Munjal, Advocates ORDER PER SMT. INA MALHOTRA. MEMBER (J) The petitioner as an operational creditor,has filed the present petition under Section 9 of the IBC (herein after referred to as "Code") praying for initiation of Corporate Insolvency Resolution Process of the C....
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....ding liability but the same were returned dishonoured with the memo "Exceeds Arrangements". 3. The present petition has been filed in the required format through its duly authorised signatory and has complied with the mandatory requirements under the Code including issuance of a demand notice to which no reply was given. The copies of the invoices have also been annexed. 4. On being served the C....
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....ority; (b) transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest therein; (c) any action to foreclose, recover or enforce any security interest created by the corporate debtor in respect Of its property including any action under the Securitisation and Reconstruction of Financial Assets and Enforcement of ....
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....led an application proposing the name Of Shri Navneet Kumar Jain having Registration No. IBB1/1PA-003/1P-N00004/2016-17/10023 as the IRP. The consent and eligibility certificate of the proposed IRP has also been filed. There is no impediment in proposing the name of the IRP at this stage as it is within the discretion of the Operational Creditor to propose the name of the IRP, although it should ....