IFCI LIMITED Vs. CMJ BREWERIES PVT LTD

JUDGEMENT

(1.) This proceeding has been filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (for short IBC 2016) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 by the Financial Creditor, namely, IFCI Limited against the Corporate Debtor, namely, M/s. CMJ Breweries Pvt. Ltd.

(2.) The application was received by this Tribunal on 30.08.2017. Vide note dated 05.09.2017, the Registry of this Tribunal had pointed out certain defects in the application. The Tribunal, on consideration of the Registry's note in the light of the application and the annexed documents directed the Registry to communicate the defects to the Financial Creditor with further direction to rectify the same immediately.

(3.) In compliance with the direction of the Tribunal, Registry had communicated the defects to the Financial Creditor and for rectification of the same. Accordingly, the Financial Creditor has rectified the defects notified by way of an affidavit dated 08.09.2017 and has resubmitted the application. In that connection, Registry has also put up a note today i.e. 11.09.2017. For ready reference, said note of the Registry is reproduced below: