IN THE NATIONAL COMPANY LAW TRIBUNAL

BENGALURU BENCH

(Exercising powers of Adjudicating Authority under

The Insolvency and Bankruptcy Code, 2016)

U/s. 9 of the IBC, 2016

R/w Rule 6 of the IBC (AAA) Rules, 2016

IN THE MATTER OF:

JANUS GBAC LIMITED

Springmead Farm, Priddles Lane,

Combe St Nicholas, Somerset,

United Kingdom – TA203HS

Rep. by

CS Hari Babu Thota

41/1, 2^ND Floor, 11^th Cross, 8^th Main

2^nd Block, Jayanagar, Bengaluru

… Petitioner/Operational Creditor

Versus

BELOORBAYIR BIOTECH LIMITED

# 4112, Utkarsha, K R Road

Banashankari 2^nd Stage, Bangalore- 560070

… Respondent/Corporate Debtor

Order delivered on: 04/10/2024

Coram: Hon’ble Justice K. Biswal, Member (Judicial)

Hon’ble Shri. Manoj Kumar Dubey, Member (Technical)

PRESENT:

For the Petitioner : Shri Atul Madhavan

For the Respondent : Shri Pramond Nair, Sr Counsel

.

O R D E R

Per: Manoj Kumar Dubey, Member (Technical)

1. The present Company petition is filed on 27/07/2023, under

section 9 of the Insolvency and Bankruptcy Code, 2016 (for brevity

‘IB Code), r/w. Rule 6 of the I&B (Application to Adjudicating Authority) Rules 2016, by JANUS GBAC LIMITED. (for brevity ‘Operational Creditor/Petitioner’) inter alia seeking to initiate Corporate Insolvency Reso