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Order Passed under Sec 7
By Hon’ble NCLT Chandigarh Bench
IN THE NATIONAL COMPANY LAW TRIBUNAL
CHANDIGARH BENCH

C.P. (I.B.) No. 15/7/NCLT/CHB/2017

Decided On: 27.04.2017

Applicant: Punjab National Bank
VS
Respondent: James Hotels Ltd.,

Judges/Coram:
Hon'ble Sh. R.P. Nagrath, Member (J)

Counsels:
For Appellant/Petitioner/Plaintiff: Mr. R.S. Bhatia, Advocate

For Respondents/Defendant: Mr. Anand Chhibbar, Senor Advocate with Mr. Nitish K. Vasudeva,
Advocate

ORDER

Hon'ble Sh. R.P. Nagrath, Member (J)

1. This application is filed by Punjab National Bank, a body corporate, constituted under the Banking
Companies (Acquisition & Transfer of Undertakings) Act, 1970. the Financial Creditor under Section 7
of Insolvency and Bankruptcy Code, 2016 {for short to be referred hereinafter as 'the Code') read with

rule 4 of Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules 2016 (for brevity the
Rules') against the Corporate Debtor for having defaulted in making payment of the financial debt. The

application has been filed through Shri Shambunath Gupta, Assistant General Manager, Branch Office
ARMB, Sector 17, Chandigarh, who is authorised to file this application vide power of attorney dated
15.02 1995, cony of which is at Annexure 1. The competent authority has also permitted the filing of the

application vide letter dated 30.03.2017 Annexure 2.

2. The application has been filed in Form No.1 of the Rules as required by Rule 4(1) of the Rules The

instant application has been filed exactly in terms of format in Form Nal , which is in five parts providing
the necessary information. Under sub-rule (3) of rule 4 of the Rules, the petitioner is required to despatch
copy of Application filed to Adjudicating Authority through the registered post or speed post to the

registered office of the Corporate Debtor. The petitioner attached the pasta! receipt dated 05 04.2017 of
despatch of the application.

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