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TMI Blog2020 (1) TMI 1494X X X X Extracts X X X X X X X X Extracts X X X X ..... guments, Ld. Counsel for petitioner submitted that on the basis on invoices annexed from page No. 41 to 51 he claimed Rs. 20,87,082/- mentioned at page 4 column 1 and in the above mentioned invoices, petitioner received last payment/amount on 30.08.2018, thereafter no further amount was received from the Corporate Debtor. He further submitted that under Section 8 of IBC, 2016, he sent the demand n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8 of the IBC, 2016 and there is default of payment which was due. Hence, we think it proper to admit this petition. It is seen that, there is default in payment & there is some operational debt of Rs. 20,87,082/- and no dispute has been raised by the Corporate Debtor. Since, the amount in default is more than Rs. 1,00,000/- is being the minimum threshold limit fixed under IBC, 2016. Under such c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ding any action under the Securitisation and Reconstruction of 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 suspe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , details are as Registration No-IBBI/IPA-001/IP-N000112/2017-2018/11264 e-mail:[email protected]. He shall take steps as are required under the statute, more specifically in terms of Section 15, 17 & 18 of the code and file his report. Ld. Counsel for Operation Creditor undertakes to deposit the fee of the IRP to meet immediate expense within two weeks. The same shall be fully accountable by ..... X X X X Extracts X X X X X X X X Extracts X X X X
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