Page 125 - IBC Orders us 7-CA Mukesh Mohan

Order Passed Under Sec 7
Hon’ble NCLT Principal Bench

IN THE NATIONAL COMPANY LAW TRIBUNAL

PRINCIPAL BENCH NEW DELHI

C.P. (I.B.) No. 185/7/NCLT/PB/2017

Decided On: 24.08.2017

Applicant: Inderpreet Singh

Vs
Respondent: Mariners Buildcon India Limited

Judges/Coram:
Hon'ble Sh. R. Varadharajan, Member (J)
Deepa Krishan, Member (T)

Counsels:
For the Financial Creditors: Divesh Goel, Practicing Company Secretary

For Respondents/Defendant: None

ORDER

Hon'ble Sh. R. Varadharajan, Member (J)

1. This is an application filed under section 7 of the Insolvency and Bankruptcy Code, 2016 (for
brevity 'the code') read with rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating
Authority) Rule, 2016 (for brevity 'the rule') with a prayer for initiation of Corporate Insolvency process

in respect of Corporate Debtor.

The Applicant claims to be financial creditor having given loans to the Respondents/Corporate

Debtor, as the Corporate Debtor has failed to repay the same.

2. Mariners Buildcon India Ltd. (Corporate Debtor), was incorporated on 09.05.2005. Corporate

debtor approached, Mr. Inder Preet Singh (Financial Creditor) to avail some temporary unsecured loan
and financial creditor gave an amount of Rs. 800,000/- through RTGS, UTR No.
ICICR12014082900014869 on 29th August, 2014. It is submitted that the said loan amount and the

accrued interest @ 18% per annum has been admitted by Corporate debtor vide acknowledgment dated
30th August, 2014.

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