NATIONAL COMPANY LAW TRIBUNAL
Mr. Ashish Shah Resolution Professional of M/s. K-Mark Bizsol Private Limited – Appellant
Versus
Mr. Bhagvanjibhai Devjibhai Kasundra Suspended Board of Directors of M/s. K-Mark Bizsol Private Limited – Respondent
ORDER
01. M/s. Nice Ceramic Private 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 15.02.2021 admitted the Corporate Debtor into CIRP.
02. The operational creditor had not proposed the name of the Interim Resolution Professional. The applicant (Mr. Ashish Shah) was appointed as the Insolvency Resolution Professional (IRP) order dated 15.02.2021 under Section 13(1)(c) of the Insolvency and Bankruptcy Code, 2016 by the Hon’ble Tribunal.
03. The applicant had received the certified copy of the CIRP admission order on 20.02.2021. Thereafter, pursuant to the provisions of Section 13 of the Code and Regulation 6 of the IBBI (IRPCP Regulations 2016) the applicant made a public announcement on 20.02.2021 in Times of India, Rajkot (English Edition), Sandesh Saurashtra Split Gujarati Newspaper 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 20.02.2021 made by th
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