ORDER

(Heard through Hybrid Mode)

Under consideration is a petition under Section 7 of IBC filed by Northern Arc Capital Limited, Petitioner/ Financial Creditor herein against Disha Infraspace Solutions Private Limited (formerly known as M/s. Disha Interiors Private Limited), Respondent / Corporate Debtor herein for initiating Corporate Insolvency Process (CIRP) against the Corporate Debtor.

2. SUBMISSIONS OF THE APPLICANT

2.1. Part I of the Application contains the particulars of the Applicant Northern Arc Capital Private Limited. Part II of the Application sets out the details of the Corporate Debtor. It was incorporated on 04.06.2007 with authorised share capital of the Corporate Debtor is Rs.2,35,00,000/- and its paid up share capital of Rs.1,01,00,000/- and address at Plot No. B4 / 37, CMDA's Industrial Complex, Maraimalai Nagar, S. No. 166, 167, 168, Kilakaranai, Chengalpettu, Kancheepuram – 603 209, within the jurisdiction of this Tribunal. In Part III of the application, the Financial Creditor has proposed G. Ramachandran, Reg No. IBBI/IPA-002/I{-N00167 /2017- 18/10437 as the IRP. Part