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TMI Blog2021 (1) TMI 979X X X X Extracts X X X X X X X X Extracts X X X X ..... to Adjudicating Authority), 2016 (for brevity 'the Rules') by Mr. Satyam Roy Gupta being the Legal officer of TCI Express Ltd. (for brevity 'Applicant') authorized vide board resolution dated 04.11.2019 and Letter of authorization dated 16.03.2020 with a prayer to initiate the Corporate Insolvency process against Turtle Book Pvt. Ltd. (for brevity ('Corporate Debtor'). 2. The Applicant is a company limited by shares incorporated on 10.11.2008 bearing CIN No. L62200TG2008PLC061781 under the provision of Companies Act 1956. The applicant has its registered office at Flat No. 306 & 307, 1-8-271 to 273, 3rd floor Ashoka Bhoopal Chambers, S.P. road Secunderabad Hyderabad, Telangana-500003 and also at TCI House, 69 institutional Area, Sector -32 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... outstanding amount on one pretext or the other. The amount remained due and outstanding along with interest at the rate of 24% per annum. 6. The applicant sent demand notice under Section 8 of the code on 20.11.2019 calling upon the corporate debtor to pay the total amount of Rs. 3,53,982/. The applicant further submits that the said notice had been duly served upon at the registered office of the corporate debtor as well at the address of the Directors of the corporate debtor at Ghaziabad and New Delhi. The Copy of postal receipts and its tracking report of the said notice have been annexed herein. 7. The corporate debtor never replied to the said notice. Therefore, the Applicant filed the present Application under section 9 of IBC, 2016 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the debt is due and payable. Further, the present application has remained uncontroverted with respect to the claim of the applicant. On the contrary, the corporate debtor in its Section 10 application itself admitted the claim of the present applicant of Rs. 3.5 Lakh which is recorded vide order dated 16.12.2020. Hence the application deserves to be admitted and the applicant is entitled to claim the admitted amount which is still outstanding and has remained unpaid till date. Therefore the applicant is admitted. 15. In view of the above discussion, application is admitted the applicant has not name any IRP hence the court appoints, Mr. Rajesh Ramnani having email id: [email protected] and mobile no. 9811377475 and registration n ..... X X X X Extracts X X X X X X X X Extracts X X X X
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