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2019 (11) TMI 1564

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..... t admitted, and the party wanted to withdraw it and the petition cannot be taken judicial notice unless notice served on the other side, we are inclined to permit the Applicant to withdraw the petition by reserving liberty to file fresh Company petition, in accordance with law. Petition is disposed of as withdrawn. - CP No. 256(BB) of 2019 - - - Dated:- 29-11-2019 - Rajeswara Rao Vittanala, .....

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..... ssue in question, are as follows: a. The National Electric Refrigeration Co. (hereinafter referred as 'Operational Creditor') is a proprietorship firm running through its proprietor, having its registered office at #265, K, Kamaraj Rd, Bengaluru, Karnataka - 560 042. b. The Technotree Engneering Solutions Private Limited (OPC) (hereinafter referred as 'Corporate Debtor') is .....

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..... ers, the Corporate Debtor had issued cheques of part payment to clear their said outstanding dues but the same got dishonoured. The Corporate Debtor is also liable to pay an interest on the said outstanding dues @ 24% per annum amounting to ₹ 3,29,440/- (Rupees Three Lakh Twenty Nine Thousand Four Hundred Forty Only) from the due date of invoice till 13th April, 2019. The Statutory Demand No .....

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..... outstanding amount but the same has been unpaid till today, also the Operational Creditor has complied with all the mandatory provisions of section 9(3)(a), (b) and (c) of the Insolvency and Bankruptcy Code, 2016. Hence, this petition. 3. Heard Ms. Nisha Hegde, Learned Counsel for the Petitioner. We have carefully perused the pleadings of the party and the extant provisions of Code and the Rule .....

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