Page 98 - 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. 197/7/NCLT/PB/2017

Decided On: 07.08.2017

Applicant: Edelweiss Assets Reconstruction Company Ltd.

Vs
Respondent: Tecpro Systems Limited

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

Counsels:
For the Financial Creditors: Vaijayant Paliwal, Advocate and Ms Mishu, Learned Advocates

For Respondents/Defendant: Arvind Kumar, Advocate, C.S. Chauhan, Learned Advocate, Purti
Marwaha, Advocate Heena, George, Learned Advocate

ORDER

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

1. The Edelweiss Assets Reconstruction Company Ltd (for brevity the '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 initiating the corporation Insolvency Resolution process in the matter of Tecpro
systems Ltd. (For brevity the 'Corporate Debtor') The "Financial Creditor' has stated that it has filed the
petition in its capacity as the Trustee of EARL Trust SC -124 and Trust (for brevity EARCL and Trust

respectively). A copy of the Memorandum of Articles of Association of the 'Financial Creditor' along
with declaration of trust dated 17.3.2015 which led to the formation of 'Financial Creditor' have been
placed on record (Annexure-1 colly) The 'Financial Creditor' has been allotted CIN No.

L167100MH2007IDLC174759 and that it was incorporated on 5,10.2007. The registered office of the
'Financial Creditor' is situated at Edelweiss House, off. CST Road, Kalina, Mumbai-400098

(Maharashtra).

2. The 'Corporate Debtor' has been incorporated on 7.11.1990 and its CIN

No.L74899DL1990PLC041985. The authorised share capital of the 'Corporate Debtor' is
Rs.131,15,00,000/- (Rs. One hundred Thirty One crores Fifteen lacs only). The paid up capital is

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