9911796707
TMI Blog2020 (2) TMI 1555X X X X Extracts X X X X X X X X Extracts X X X X ..... 7106CT1973PLC010053 having registered office at SR. MIG No. - 49 Parijat Extension, Nehru Nagar Bilaspur- 495 001, Chhattisgarh. 2. The applicant submits that they entered into an agreement with Corporate Debtor for printing of an Annual Report of the Corporate Debtor and on the basis of quotation, the bill was raised bearing No. 64 dated 28.12.2014 for a sum of Rs. 8,86,368/-. The applicant submits that the bill dated 28.12.2014 and 03.03.2015, the Operational Creditor had issued demand notice for the payment vide dated 10.04.2015. 3. The Corporate Debtor has filed reply and has admitted the liability. However, states that they are unable to settle the bill. The applicant had issued legal notice under Section 433 of the Companies Act, 19 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... There is nothing on record to show that any disciplinary proceeding is pending against the proposed IRP. This application is defect free. 6. We have perused the application, reply, documents, affidavits. In view of the same, this application is ADMITTED. ORDER (i) The application filed by the Operational Creditor under Section 9 of the Insolvency & Bankruptcy Code, 2016 is hereby admitted for initiating the Corporate Insolvency Resolution Process against M/s. Nova Steels (India) Limited. (ii) Moratorium Order is passed for a public announcement as stated in Sec. 13 of the IBC, 2016. The moratorium is declared for the purposes referred to in Section 14 of the Insolvency & Bankruptcy Code, 2016. The IRP shall cause a public announcement o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of moratorium shall commence from the date of admission till the completion of the Corporate Insolvency Resolution Process. 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 Sec. 31 or passes an order for liquidation of corporate debtor under Sec. 33, the moratorium shall cease to have effect from the date of such approval or liquidation order, as the case may be. (vii) Necessary public announcement as per Sec. 15 of the IBC, 2016 may be made by the Interim Resolution Professional upon receipt of the copy of this order. (viii) Mr. Santha Kumar S. having Registration No. IBBI/IPA-001/IP-P00930/2017-2018/11549 and E- ..... X X X X Extracts X X X X X X X X Extracts X X X X
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