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TMI Blog2017 (12) TMI 972X X X X Extracts X X X X X X X X Extracts X X X X ..... has also been filed in compliance of Section 9(3)(c) of the Code certifying that the last payment of ₹ 6,56,730/- received from the Mahindra AMP Mahindra FIN Services Ltd and Mahindra Mahindra FIN in the account of the Operational Creditor was on 16.05.2017. On notice being served on the Corporate Debtor, Mr. Vikrant Mahajan, Director of the Respondent Corporate Debtor appeared in person. He did not wish to file his reply nor contest the prayer made in the petition. Infact he admitted the amount due to the petitioner but submitted that since the Corporate Debtor has not been in business for the last 2 years, he is unable to liquidate his financial debt. In view of the admission made on behalf of the Corporate Debtor and having ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Code. The same was not replied to. Due Compliance of the mandatory provisions of Section 9(3) (a) (b) (c) has been made. The Operational Creditor has filed the statement of its ledger accounts reflecting the debit and credit balances as well as the annual balance confirmation statement by the Corporate Debtor. The balance of as ₹ 5,55,14,360/- has been duly confirmed by the Corporate Debtor. The certificate by the Operational Creditor s Banker has also been filed in compliance of Section 9(3)(c) of the Code certifying that the last payment of ₹ 6,56,730/- received from the Mahindra AMP Mahindra FIN Services Ltd and Mahindra Mahindra FIN in the account of the Operational Creditor was on 16.05.2017. 3. On notice being serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ement of Security Interest Act, 2002; (d) the recovery of any property by an owner or lessor where such property is occupied by or in the possession of the corporate debtor. (2) The supply of essential goods or services to the corporate debtor as may be specified shall not be terminated or suspended or interrupted during moratorium period. (3) The provisions of sub-section (1) shall not apply to such transactions as may be notified by the Central Government in consultation with any financial sector regulator. (4) The order of moratorium shall have effect from the date of such order till the completion of the corporate insolvency resolution process. 5. The petitioner has proposed the name of Nirmal Kumar Bhesoni, 2-A ..... X X X X Extracts X X X X X X X X Extracts X X X X
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