9911796707
TMI Blog2018 (12) TMI 1701X X X X Extracts X X X X X X X X Extracts X X X X ..... Smt. INA Malhotra, Judicial Member- The petitioner, as an Operational Creditor, has prayed for initiation of Corporate Insolvency Process against the Respondent/Corporate Debtor for its inability to liquidate its Operational debt. As per the averments, the Operational Creditor is engaged in the business of all kinds of Electric and air-conditioning works for commercial, industrial and instituti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ess, the Operational Creditor had raised invoices against the supply of goods and equipment's as detailed below: Purchase Order No. Invoice No. Value WWE/17-18/006 440031663 13,66,200 440031666 3,30,153 440031683 1,00,681 440031697 6,53,200 WWE/17-18/007 440031664 4,18,600 WWE/17-18/008 440031678 17,66,682 3. In view of the failure of the Corporate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... through the process of the Bench. None appeared nor was any reply filed. The Corporate Debtor was therefore proceeded ex-parte. 6. In view of the uncontroverted facts and in absence of any dispute, the prayer of the Operational Creditor merits consideration. Accordingly, a moratorium in terms of Section 14 of the Insolvency 8s Bankruptcy Code, 2016 shall come into effect forthwith, staying (a) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... debtor. Further: (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 re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6-17/1969, email: [email protected]. His consent and certificate of eligibility have also been filed. Accordingly, he is being confirmed by this Bench as the IRP in this case. The IRP is directed to take all such steps as are required under the statute, more specifically in terms of Sections 15,17,18,20 and 21 of the Code. 8. The IRP is directed to file his report within the statutory peri ..... X X X X Extracts X X X X X X X X Extracts X X X X
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