RELIANCE COMMERCIAL FINANCE LTD Vs. ANIL NUTRIENTS LTD

JUDGEMENT

(1.) This Application is preferred by M/s. Reliance Commercial Finance Ltd., styled itself as 'Financial Creditor' with a request to initiate Insolvency Resolution Process under Section 7 of the Insolvency and Bankruptcy Code, 2016 ["IB Code" for short] read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, ["Adjudication Rules" for short] in Form-1 against M/s. Anil Nutrients Ltd., treating as 'Corporate Debtor' (Principal Borrower).

(2.) M/S. Reliance Commercial Finance Ltd., styled itself as 'Financial Creditor' gave Power of Attorney to Shri Hitesh Joshi, as its lawful Attorney vide General Power of Attorney dated 1st April, 2017.

(3.) The case of M/s. Reliance Commercial Finance Limited, in brief, is as follows;