Tribunals and CommissionsDivision Bench(2022) 03 NCLT CK 0309

IDBI Bank Ltd. vs Vikas Bhawanishankar Sharma

National Company Law Tribunal, Chandigarh Bench · Decided on 11 March 2022

HON’BLE JUDGES
Subrata Kumar Dash, Member (Technical) · Harnam Singh Thakur, Member (Judicial)
CASE NUMBER
CP (IB) No. 227/Chd/Hry/2021

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Judgment

3 paragraphs · 238 words

Report regarding the proposed Resolution Professional Mr. Asish Narayan has been filed, wherein it is mentioned that no adverse remarks has been found against the said RP having Registration No. IBBI/IPA-002/IP-N00444/2017-2018/11274. He is appointed as Resolution Professional and directed to comply with the provisions of Section 99 and file the report accordingly within two weeks.

In the meantime, issue limited notice of this petition to the respondent for his presence within two weeks, returnable on 13.05.2022. The petitioner shall collect the notice from the Registry and send the same immediately to the respondent at its registered address by speed post along with copy of the application and the entire paper book and the copy of this order as well as at the email address of the respondent.

In case, the service of speed post on the respondents is not effected, then the petitioner shall adopt the mode of substituted service and the notice of hearing be advertised in two daily newspapers (one English and one Hindi) having wide circulation in the area and file affidavit of service along with copy of postal receipt, tracking report, copy of email and paper clippings, if applicable within two weeks. Reply may be filed within two weeks of service / publication with copy advance to the counsel opposite and rejoinder thereto, if any, may be filed within one week thereafter with a copy in advance to the counsel opposite. List on 13.05.2022.