9911796707
TMI Blog2019 (9) TMI 227X X X X Extracts X X X X X X X X Extracts X X X X ..... disputing the claim raised by the Operational Creditor herein, therefore, this Bench, having not noticed any material contrary to the petition averments, hereby holds that the Operational Creditor has proved existence of debt and default. Petition admitted - moratorium declared. - IBA/239/IB/2019 - - - Dated:- 28-5-2019 - MR B. S. V. PRAKASH KUMAR, MEMBER (JUDICIAL) AND MR S. VIJAYARA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onal Creditor supplied IVAX 750 (Paper chemical products) to the Corporate Debtor by raising invoices for an amount of ₹ 19,56,221 against the Purchase Orders Nos. Pur/2010-2011/695 dated 15.03.2011 and Pur/2011/32 dated 19.04.2011 made by the Corporate Debtor. Since the payments were not made by the Corporate Debtor, this Operational Creditor filed OS 871/2014 against the Corporate Debtor f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , having not noticed any material contrary to the petition averments, hereby holds that the Operational Creditor has proved existence of debt and default. In view thereof, we hereby admit this Company Application by appointing Ms. Chitra Srinivas looking at the consent letter given by her with the following directions: (I) That Moratorium is hereby declared prohibiting all of the f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssor where such property is occupied by or in the possession of the Corporate Debtor. (II) That the supply of essential goods or services to the corporate debtor, if continuing, shall not be terminated or suspended or interrupted during moratorium period. (III) That the provisions of sub-section (1) of Section 14 shall not apply to such transactions as may be noti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... consent to carry the functions as mentioned under The Insolvency Bankruptcy Code. 4. Accordingly this petition is hereby admitted. 5. The Registry is hereby directed to immediately communicate this order to the Operational Creditor, the Corporate Debtor and the Interim Resolution Professional by way of e-mail. - - TaxTMI - TMITax - Insolvency & Bankruptc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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