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2023 Supreme(Online)(NCLT) 1895

NATIONAL COMPANY LAW TRIBUNAL
Manish Kumar Bhagat IRP of Pankaj Events and Celebrations Pvt. Ltd. VS


Advocates:
For the Petitioner:ARJUN R SHETH

ORDER

1. M/s. Sumiran Foods Pvt. Ltd. (for brevity ‘Operational Creditor’) had filed application under Section 9 of the Insolvency and Bankruptcy Code, 2016 for initiating insolvency proceedings against the Corporate Debtor and the Hon’ble Adjudicating Authority vide order dated 31.03.2021 admitted the Corporate Debtor into CIRP.

2. The applicant (Mr. Manish Kumar Bhagat) was appointed as the Insolvency Resolution Professional (IRP) under Section 13(1)(c) of the Insolvency and Bankruptcy Code, 2016 by the Hon’ble Tribunal, as the operational creditor had not proposed any name of IRP in Section 9 application preferred by it.

3. The applicant had received the certified copy of the CIRP admission order on 05.04.2021. Thereafter, the applicant made a public announcement on 06.04.2021 in Financial Express (English and Gujarati-Ahmedabad Edition), Business Standard (English) and Sandesh (Gujarati) dated 08.04.2021 as contemplated under the provisions of the Insolvency and Bankruptcy Code, 2016 and called for claims from all the creditors of the Corporate Debtor. A copy of public announcement dated 06.04.2021 and 08.04.2021 made by the IRP is annexed with the application.

4. After public anno

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