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TMI Blog2021 (9) TMI 1195X X X X Extracts X X X X X X X X Extracts X X X X ..... - P.S.N. Prasad, Member (J) And Kapal Kumar Vohra, Member (T) For the Appellant : Namrata Ranga, Advocate ORDER P.S.N. Prasad, Member (J) 1. This is an application filed by the Applicant M/s. Supreme Packaging Industries, A Partnership Firm through its partner Mr. Shariq seeking to initiate corporate insolvency resolution process ( CIRP ) under Section 9 of the Insolvency and Bankruptcy Code 2016 ( the Code') of the Respondent M/s. Al-Tabarak Frozen Foods Private Limited for the alleged default on the part of the Respondent in clearing the debt of ₹ 20,71,472.14/- (Rupees Twenty Lakh Seventy One Thousand Four Hundred and Seventy Two and Fourteen Paisa only), as alleged by the applicant, towards the services prov ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Operational Creditor had started following up with the office of the Corporate Debtor for the clearance of dues. However, the Corporate Debtor gave false assurance to the Operational creditor of clearing it. iv. That the Respondent failed to pay the Invoices amounting to ₹ 16,16,292.44/- and despite repeated demands by the applicant the Respondent failed to pay the dues. v. That applicant submits that a statutory Demand notice under section 8 of IBC, 2016 vide dated 13.02.2020 was delivered to the Respondent. It was further submitted by the applicant that no reply or payment of any dues has been received till date. vi. That the total amount of debt is ₹ 20,71,472.14/- (Rupees Twenty Lac Seventy One Thousand Four H ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ty including any action under the Securitization 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 Respondent. (2) The supply of essential goods or services to the Respondent as may be specified shall not be terminated or suspended or interrupted during moratorium period. (3) The provisions of sub-section (1) shall not apply to such transactions as may be notified by the Central Government in consultation with any financial sector regulator. (4) The order of moratorium shall have effect from the date of such order till the completion of the corporate insolvency resolut ..... X X X X Extracts X X X X X X X X Extracts X X X X
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