2022 (2) TMI 564

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....ditor') to initiate the Corporate Insolvency Resolution Process ('CIRP') against M/s. Welworth Software Private Limited (hereinafter referred to as 'Respondent/Corporate Debtor'). 2. The Corporate Debtor viz., M/s. Welworth Software Private Limited is a Company incorporated on 03.05.2005 under the provisions of Companies Act, 1956 with CIN:U72200KA2005PTC036221 having its registered office at Rockline Centre, No. 54, 3rd Floor, Richmond Road, Bengaluru - 560025, which falls within the-territorial jurisdiction of this Adjudicating Authority. The Authorised Share Capital of the Respondent/Corporate Debtor is Rs. 6,00,00,000/- and the Paid-up Share Capital is Rs. 4,99,99,000/- as per the Company Master Data attached at A....

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....the moratorium in terms of Section 14, the following prohibitions are imposed, which must be followed by all and sundry: (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 panel or other authority; (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 Securitization and Reconstruction of Financial Assets and Enfor....