Page 396 - IBC Orders us 7-CA Mukesh Mohan

Order Passed by Sec 7
Hon’ble NCLT Allahabad Bench
X. The Registry is hereby directed to communicate this order to the Financial Creditor and the Corporate

Debtor after the completion of necessary formalities.

XI. A Copy of this order be communicated to the IRP as well as to Insolvency and Bankruptcy Board of

India.

IN THE NATIONAL COMPANY LAW TRIBUNAL
ALLAHABAD BENCH

C.P. (I.B.) No. 68/7/NCLT/ALD/2017

Decided On: 28.08.2017

Applicants: Prabodh Kumar Gupta
Sudha Gupta
Nimish Gupta
Saanvi Gupta (Minor)
Nimit Gupta
Abhilash Gupta
Kusum Jain
Vs.
Respondent: Jaypee Infratech Limited

Judges/Coram:
Hon'ble Sh. H.P. Chaturvedi, Member (J)

Counsels:
For Appellant/Petitioner/Plaintiff: Mr. Mukesh Chadha, C.A

For Respondents/Defendant: Mr. Ajay Bhanot, Senior Advocate & Mr. Siddarth Singhal, Learned
Advocate

ORDER

Hon'ble Sh. H.P. Chaturvedi, Member (J)

The present petition is filed U/s 7 of the Insolvency & Bankruptcy Code, 2016 read with Rule 4 of the
insolvency bankruptcy (Application to Adjudicating Authority) Rules, 2016 by the petitioner/ Depositors

jointly to initiate Corporate Insolvency Resolution Process on such ground that the Corporate Debtor
company M/s Jaypee Infratech Ltd, commits default in making payment to their maturity amount of the
fixed deposits, even after maturity periods and due date of payment has now become due.

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