9911796707
TMI Blog2021 (6) TMI 1019X X X X Extracts X X X X X X X X Extracts X X X X ..... ules') by Sarada Ajarananda sole proprietor of MADHU GAS SERVICES (for brevity 'Applicant') with a prayer to initiate the Corporate Insolvency process against ISHU FOODS PRIVATE LIMITED (for brevity 'Corporate Debtor'). 2. The Applicant Sarada Ajardana sole proprietor of MADHU GAS SERVICES is engaged in the business of supplying commercial cylinders having its registered office at 558/9, Shiv Puri Tehsil & District Gurgaon. The identification number of the Applicant being PAN: ABFPA8370D. 3. The Respondent Ishu Foods Private Limited is a company incorporated on 17/08/1999 under the Companies Act, 1956 having its registered office at 9226 Gali No. 6 West Rohtas Magar Shahdara Delhi 110032 and CIN U15419DL1999PTC101193 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icant has filed this application on 19.01.2020 as an Operational Creditor praying for initiation of Corporate Insolvency Resolution Process of the Corporate Debtor for its inability to liquidate their claim of Rs. 53,86,286/- towards unpaid invoices for the goods supplied by the Operational Creditor. 8. Notice with respect to the application was issued to the Corporate Debtor vide order dated 23.01.2020 of the Adjudicating Authority. Further, it has been observed that neither a reply to the Demand Notice nor to Section 9 application was filed by the Corporate Debtor. The Corporate Debtor has never appeared before the Adjudicating Authority hence vide order dated 18.02.2020 the Corporate Debtor was proceeded ex-parte. "Learned counsel for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .com Phone No. 9818412630 as proposed by the Applicant. He shall take such other and further steps as are required under the statute, more specifically in terms of Section 15, 17 and 18 of the Code and file his report within 30 days before this Bench. 13. A moratorium in terms of Section 14 of the Code is imposed forthwith in following terms: "(a) the institution of suits or continuation of pending suits or proceedings against the Respondent including execution of any judgment, decree or order in any court of law, tribunal, arbitration panel or other authority; (b) transferring, encumbering, alienating or disposing of by the Respondent any of its assets or any legal right or beneficial interest therein; (c) any action to foreclose, r ..... X X X X Extracts X X X X X X X X Extracts X X X X
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