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TMI Blog2019 (11) TMI 291X X X X Extracts X X X X X X X X Extracts X X X X ..... ayment of operational debt is made or there exists genuine dispute about the amount claimed. The operational creditor filed affidavit stating that he did not receive any notice or reply and the corporate debtor did not pay amount. He thereby complied with the provisions of section 9(3)(b) and 9(3)(c) of I B Code. The application requires to be admitted - Petition admitted - moratorium declared. - CP (IB) No. 1614/KB/2018 - - - Dated:- 25-7-2019 - SHRI MADAN B. GOSAVI, HON'BLE MEMBER (J.) For The Corporate Debtor : Mrs. Swati Agarwal, Advocate And Mr. Shailendra Kr. Tiwari Advocate ORDER M/s. NLB Steels Private Ltd. the Operational Creditor, filed this application un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9831094270), of Subarna Apartment, 21N, Block-A, New Alipore, Kolkata-700 053 having registration No. IBBI/IPA-001/IP-00473/2016-2017/2018 and Email: shashiagg@ rediffmail.com. He has also filed written consent dated 29.11.2018 wherein he has mentioned that no disciplinary proceeding is pending against him. The application is defect - free. In view of the facts and evidence on record, I hold that the application requires to be admitted. I pass the following order: ORDER (i) The application filed by the Operational Creditor under Section 9 of the Insolvency Bankruptcy Code, 2016 is hereby admitted for initiating the Corporate Resolution Process in respect of M/s. Pradeep Structural Development Private Ltd. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply of essential goods or services to the Corporate Debtor as may be specified shall not be terminated or suspended or interrupted during the moratorium period. (v) 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. (vi) The order of moratorium shall affect the date of admission till the completion of the Corporate Insolvency Resolution Process. (vii) Provided that where at any time during the corporate insolvency resolution process period, if the Adjudicating Authority approves the resolution plan under sub-section (1) of Sec. 31 or passes an order for liquidation of corporate de ..... X X X X Extracts X X X X X X X X Extracts X X X X
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