9911796707
TMI Blog2019 (11) TMI 1659X X X X Extracts X X X X X X X X Extracts X X X X ..... ion filed by the Operational Creditor which is in compliance of provisions of Section 8 9 of the Insolvency Bankruptcy Code admits this application declaring Moratorium - Application allowed. - C.P. (IB) 415/MB/2019 - - - Dated:- 14-11-2019 - Suchitra Kanuparthi and V. Nallasenapathy, JJ. For Appellant: Amit Mishra and Gaurang A. Patil, Advs. For Respondents: Jeetendra Kumar Pandey, Adv. ORDER Suchitra Kanuparthi, J. 1. This Company Petition is filed by Om Traders (hereinafter called Petitioner ) seeking to set in motion the Corporate Insolvency Resolution Process (CIRP) against SARU Agro Foods Limited (hereinafter called Corporate Debtor ) alleging that Corporate Debtor committed default in making payment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e email: Dear Sir, As per the telephonic conversation and I read your email on behalf of the M/s. SARU Agro Foods Ltd., Corporate Debtor Mr. Ashok Rao, we finally agreed and ensure to you that our director is ready to settle the matter with our Corporate Creditor at the proper time and place so that we should come to final conclusion of ascertain amount to honor to your Corporate Creditor. I request you please co-operate with us and place a reliance to the Corporate Debtors. Thanking You With warm regard It is submitted that there was no proposal from the corporate Debtor's side. 7. Even though, the Counsel for the Corporate Debtor has attended for all the hearings, no reply was filed, this bench has hea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y by an owner or lessor where such property is occupied by or in the possession of the Corporate Debtor. (b) that the supply of essential goods or services to the Corporate Debtor, if continuing, shall not be terminated or suspended or interrupted during moratorium period. (c) that the provisions of sub-section (1) of Section 14 shall not apply to such transactions as may be notified by the Central Government in consultation with any financial sector regulator. (d) that the order of moratorium shall have effect from 14.11.2019 till the completion of the CIRP or until this Bench approves the resolution plan under sub-section (1) of Section 31 or passes an order for liquidation of Corporate Debtor under section 33, as the case may be ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
