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TMI Blog2021 (4) TMI 9X X X X Extracts X X X X X X X X Extracts X X X X ..... behalf is annexed as Annexure-H to the petition. The Corporate Debtor did not reply to the Demand Notice dated 27th November, 2019 till the date of filing of the petition. The application is complete in all respect, and deserves admission particularly in view of the fact that the Corporate Debtor has neither given any reply to the Demand Notice nor filed any reply before this Adjudicating Authority. Application admitted - moratorium declared. - CP (IB) No.136/KB/2020 - - - Dated:- 24-3-2021 - Mr. Rajasekhar V.K., Member (Judicial ) and Mr. Harish Chander Suri, Member (Technical) For the Operational Creditor : Mr. Arif Ali , Advocate For the Corporate Debtor : Mr. Sayantak Das, Advocate ORDER The Court convened ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te Debtor, demanding a sum of ₹ 3,98,890.54/- (Three Lakhs Ninety Eight Thousand Eight Hundred Ninety and Fifty Four paise). The said notice was duly served on the Corporate Debtor by Speed Post with acknowledgement due. Tracking Report in that behalf is annexed as Annexure-H to the petition. The Corporate Debtor did not reply to the Demand Notice dated 27th November, 2019 till the date of filing of the petition. 5. In support of its claim, the Operational Creditor has placed on record Bank Statement of the Operational Creditor relating to its Account No. 0086002100015643 in the Punjab National Bank, New Alipore Branch as Annexure-J . In addition to this, the Operational Creditor has also filed, Master Data of the Corporate Debt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rders/directions:- ORDERS i) The application filed by the Operational Creditor under Section 9 of the Insolvency Bankruptcy Code, 2016 for initiating Corporate Insolvency Resolution Process against the Corporate Debtor, WB Precision Engineering Solutions Private Limited is hereby admitted. ii) We hereby declare a moratorium and public announcement in accordance with Sections 13 and 15 of the I B Code, 2016. iii) Moratorium is declared for the purposes referred to in Section 14 of the Insolvency Bankruptcy Code, 2016. The I.R.P. shall cause a public announcement of the initiation of Corporate Insolvency Resolution Process and call for the submission of claims under Section 15. The public announcement referred to in clause ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. viii) 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 Section 31 or passes an order for liquidation of the corporate debtor under Section 33, the moratorium shall cease to have effect from the date of such approval or liquidation order, as the case may be. ix) Mr. Kamlesh Prakash Singh, registered with Insolvency and Bankruptcy Board of India, having Registration No IBBI/IPA-001/IP-P-0172/2019-2020/12653, E-mail ID: kamalprakashco @gmail.com, Mobile No. 9051911377 and holding AFA under Regulation 7-A of the IBBI (Insolvency Professionals) Regulations, 2016, is hereby appointed as Interim Resolution Professi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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