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TMI Blog2018 (8) TMI 1986X X X X Extracts X X X X X X X X Extracts X X X X ..... e Operational Creditor and that they did not pay the same, nothing left for this Authority to decide the petition but to admit the same. It is not in dispute that notice under section 8 of Code was given to the Corporate Debtor. Operational Creditor produced on record the bills on which his claim is based. He also produced on record the certificate issued by his Banker stating that the amount claimed herein has not been received in his account. This fact is otherwise not in dispute. There is no disciplinary proceeding pending against the proposed IRP, whose name is suggested herein by the Operational Creditor. Petition admitted - moratorium declared. - CP (IB) No. 602/KB/2018 - - - Dated:- 3-8-2018 - Shri Madan B. Gosavi, Hon' ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion to pay the debt. The Authority may decide the matter on its own merit. 4. Since the Corporate Debtor did not dispute the fact that they are liable to pay a sum of ₹ 5,59,198/- to the Operational Creditor and that they did not pay the same, nothing left for this Authority to decide the petition but to admit the same. 5. The Operational Creditor proposed the name of Ms. Savita Agan,val, West Bengal from the current list of IBBI having Email Id: and Registration No. IBBI/lPA-001/lP-P00101/2017- 18/10201 for appointment as the Insolvency Resolution Professional. In this context, a written communication dated 25.04.2018 in Form 2 from the proposed IRP has also been annexed along with the application, wherein it has been declared ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Insolvency Bankruptcy Code, 2016 prohibits the following: a) The institution of suits or continuation of pending suits or proceedings against the corporate debtor including execution of any judgement, decree or order in any court of law, tribunal, arbitration panel or other authority; b) Transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest therein; c) Any action to foreclose, recover or enforce any security interest created by the corporate debtor in respect of its property including any action under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002); d) The recovery of an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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