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TMI Blog2019 (3) TMI 1904X X X X Extracts X X X X X X X X Extracts X X X X ..... r. Aditya Gupta, Advocate ORDER SMT. INA MALHOTRA, J. The petitioner, as an Operational Creditor, has prayed for initiation of Corporate Insolvency Process of the Respondent company/Corporate Debtor. As per the averments, the Operational Creditor is engaged in the business of Gold Jewellery and had supplied the same to the Corporate Debtor on mutually accepted terms as per their agreement date ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aised. Compliance of the provision of Section 9(3)(c) is also on record. 3. In the reply filed on behalf of the Corporate Debtor, the Operational Debt is not disputed. Mr. Aditya Gupta, Advocate who appeared on their behalf admitted the outstanding liability but expressed financial difficulties in extinguishing the claim. 4. The Corporate Debtor has accepted that a default in payment has occurre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Financial Assets and Enforcement of Security Interest Act, 2002; (d) the recovery of any property by an owner or lessor where such property is occupied by or in the possession of the corporate debtor. Further:- (2) The supply of essential goods or services to the corporate debtor as may be specified shall not be terminated or suspended or interrupted during moratorium period. (3) The provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Shalu Khanna Registration No. IBBI/IPA001/IP-P00917/2017-18/11523 Email ID: [email protected] is appointed as the IRP from the panel of eligible Resolution Professionals as submitted by IBBI. She is directed to take all steps as are statutorily required by her under the Code, specifically u/s 15, 17 & 18, 20 & 21 and shall file her report before the Adjudicating Authority at the end of her tenure ..... X X X X Extracts X X X X X X X X Extracts X X X X
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