Page 104 - IBC Orders us 7-CA Mukesh Mohan

Order Passed by Sec 7
Hon’ble NCLT Principal Bench
IN THE NATIONAL COMPANY LAW TRIBUNAL
PRINCIPAL BENCH NEW DELHI

C.P. (I.B.) No. 144/7/NCLT/PB/2017

Decided On: 07.08.2017

Applicant: ICICI Bank Limited

Vs
Respondent: S R Foils and Tissue Limited

Judges/Coram:
Hon'ble Sh. M.M.KUMAR, Member (J)

Counsels:
For the Financial Creditors: Jayant Mehta, Advocate, Divakar Maheshwari, Learned Advocate
Aditya Singh, Learned Advocate

For Respondents/Defendant: Rakesh Gupta, Managing Director

ORDER

Hon'ble Sh. M.M.KUMAR, Member (J)

1. The ICICI Bank Limited (for brevity 'Financial Creditor) has filed the instant application under

Section 7 of the Insolvency and Bankruptcy Code, 2016 (for brevity 'the Code') with a prayer for
triggering the Insolvency Resolution Process in the matter of S R Foils and Tissue Limited (for brevity
the Corporate Debtor'). It is appropriate to mention that the 'Financial Creditor' was incorporated on

05.01.1994 and was assigned CIN No. L65190W1994PLCO21012. It has its registered office at ICICI
Bank Tower, Near Chakil Circle, Old Padra Road, Vadodara 390007, Gujrat. The aforesaid information is
authenticated by the master data of the Financial Creditor available on the website of Ministry of

Corporate Affairs which has been placed on record (Annexure-B). It is further pertinent to mention that
the authorized capital of the Financial Creditor is 150000000 (Indian Rupees Fifteen Crore) and its paid-

up capital is 138734800 (Indian Rupees Thirteen Crore Eighty Seven Lakh Thirty Four Thousand Eight
Hundred).

2. The Financial Creditor has also proposed the name of Shri Anil Kohli, 1011, Kiriti Shikhar,
District Centre, Janakpuri, New Delhi -110058. His registration number is IBBI/IPA-001/IPP00112/2017-
18/10219. A written communication in terms of Rule 9(1) of the Insolvency and Bankruptcy (Application

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