IDBI BANK Vs. JAYPEE INFRATECH LIMITED

JUDGEMENT

(1.) Ca No. 166 of 2017

(2.) The applicant Shri Anuj Jain, being the Interim Resolution Professional for Jaypee Infratech Ltd. (duly appointed by this Court in the matter of IDBI v/s Jaypee Infratech Ltd. CP No.(IB) 77/ALD/2017) , has now filed the present application U/s 24(5) of I & B Code read with Regulation 22 of the Insolvency & Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulation, 2016 and Rule 11 of the NCLT Rules, 2016 and praised for an appropriate direction from this Tribunal to be issued in the present matter.

(3.) It is a matter of record that this Tribunal vide its order dated 09.08.2017 has admitted the company application of a financial creditor the IDBI in respect of the corporate debtor Jaypee Infratech Ltd. for the purpose to initiate corporate Insol vency Resolution Process against it U/s 7 of I & B Code, 2016. In pursuance thereof, the present applicant has been appointed as IRP and he is now in process of Insolvency Resolution for the corporate debtor company.