PUNJAB NATIONAL BANK Vs. DINESH POLYTUBES PVT LTD

JUDGEMENT

(1.) This petition filed by the Punjab National Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted on 11.12.2017 and moratorium was granted in terms of sub-section (1) of Section 14 of the Code. The matter was listed for today for passing formal order of appointment of the Interim Resolution Professional. The Financial Creditor has proposed the name of Mr. Jalesh Kumar Grover to act as Interim Resolution Professional and the written communication furnished in Form 2 was found to be in order as observed in the order dated 11.12.2017.

(2.) In view of the above, the following directions are issued:-

(3.) It is further directed that the Interim Insolvency Resolution Professional shall positively file a report of events before this Tribunal every week in relation to the 'Corporate Debtor'.