The Director of M/s. B.K.R. Hotels and Resorts Private Limited (Corporate Debtor) filed an appeal against the order dated 14th August, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), Single Bench, Chennai. The Adjudicating Authority admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Indian Bank (Financial Creditor), initiated a moratorium, and appointed an Interim Resolution Professional. The appellant argued that the application was not signed by the authorized representative, the Banker's record was not filed, and the consent letter of the Interim Resolution Professional was not enclosed. The original amount due was shown to be Rs. 43 Crores but subsequently it has been claimed that Rs. 59 Crores

The Director of M/s. B.K.R. Hotels and Resorts Private Limited (Corporate Debtor) filed an appeal against the order dated 14th August, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), Single Bench, Chennai. The Adjudicating Authority admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Indian Bank (Financial Creditor), initiated a moratorium, and appointed an Interim Resolution Professional. The appellant argued that the application was not signed by the authorized representative, the Banker's record was not filed, and the consent letter of the Interim Resolution Professional was not enclosed. The original amount due was shown to be Rs. 43 Crores but subsequently it has been claimed that Rs. 59 Crores