Page 444 - IBC Orders us 7-CA Mukesh Mohan

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

C.P. (I.B.) No. 35/7/NCLT/CHD/HP/2017

Decided On: 13.07.2017

Applicant: Seashells Infrastructures Pvt. Ltd.
Vs.
Respondent: Rajpur Hydro Power Pvt. Ltd.

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

Counsels:
For Appellant/Petitioner/Plaintiff: Mr. S.K. Bokolia and Ms. Divya Sharma, Learned Advocate

For Respondents/Defendant: Mr. Vivek Singla, Learned Advocate Mr. Muneesh Malhotra, Learned
Advocate

ORDER

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

1. This petition filed by the Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code,
2016 was admitted by this Tribunal on 11 07.2017 and moratorium was granted with certain

directions. It was also observed that the written communication filed by the proposed Insolvency
Resolution Professional is proper The matter was listed today for passing formal order of appointment
of Interim Resolution Professional.

2. In view of the above, I issue the following directions,-

(i) Appoint Mr. Gurvinder Singh Sarin bearing IP Regn. No. IBBUIPA002/1P-N 0007212016-
2017/10170, resident of House No 2274, Sector 47-C, Chandigarh-160047 email:

sharmasarinassociate@yahoo,com, Mobile No. 9814685649 a registered Insolvency
Professional (I P) as Interim Resolution Professional as contemplated under Section 16 of the
Code and his term of appointment shall be for a period of thirty days from the date of this order

or as may be determined by the Committee of Creditors whichever is earlier;

(ii) In terms of Section 17 of the Code', from the date of his appointment, the powers of the Board
of Directors shall stand suspended and the management of the affairs shall vest with the Interim
Resolution Professional and the officers and the managers of the 'Corporate Debtor' shall report

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