2021 (11) TMI 757

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....o, Advocate ORDER Telaprolu Rajani, J. (Member (J)) 1. M/s. Shika Enterprises, (hereinafter referred to as the Operational Creditor) has filed the present petition against M/s. CEASAN GLASS PRIVATE LIMITED (hereinafter referred to as Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claims that the Corporate Debtor had defaulted in ....

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.... to which the Operational Creditor was constrained to file a suit in OS No. 235 of 2014 on the file of XII ACJ, CCC, Secunderabad and a decree was passed in the said suit on 21.02.2017. No execution proceedings are pending before the Court in respect of the said decree. The Corporate Debtor did not honour the decree. The debt arose out of business transactions. The Operational Creditor got issued ....

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....inistry of Corporate Affairs, GOI website shows that the Corporate Debtor failed to file balance sheet and other financial statements upto 31.03.2016 (a copy is also enclosed). The arguments of the Counsel for the Operational Creditor are heard. None appeared for the Corporate Debtor. Hence virtue of the order dated 11.03.2021, the Corporate Debtor was set ex parte. 6. The records revealed that....

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....suggest any name as IRP. Hence the Tribunal appoints Mr. Srinivas Gudla Rao (Registration No. IBBI/IPA-001/IP-P-02093/2020-2021/13333), as the Interim Resolution Professional. ORDER The Company Petition is admitted ex parte. The Corporate Insolvency Resolution Process of the Corporate Debtor shall commence from this date and shall be completed within 180 days hence. i. M....