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TMI Blog2021 (10) TMI 537X X X X Extracts X X X X X X X X Extracts X X X X ..... IRP) against M/s. ANV Techfab Pvt. Ltd. hereinafter called as 'Corporate Debtor'. 2. The brief facts of the Petition are that the Petitioner/Operational Debtor previously filed Company Petition bearing No. 179/2018 on the file of this Bench for resolution of debt of an amount of Rs. 8,27,779/-. Subsequently, the Petitioner and the Corporate Debtor filed consent terms before this Bench on 03.05.2018 under which the Corporate Debtor agreed to pay 7,00,000/- and issued a cheque bearing No. 010112 on 11.05.2018 for a sum of 7,00,000/- drawn on Bank of India, Solapur Branch. 3. The Applicant states that when the said cheque was presented for encashment, the same was dishonored with the remark "Funds Insufficient". The Applicant states ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Operational Creditor submitted that in spite of receipt of the legal notices on two occasions, the Corporate Debtor failed to make the payment. Hence the above Company Petition. 8. The matter has been listed on board from time to time since August 2019. The Director of the Corporate Debtor is putting up appearance regularly before this Bench and did not choose to file any reply. On the other hand, the Director of the Corporate Debtor admitted the liability and made a statement that they will discharge the liability of all their creditors in few days. However, nothing happened. Finally, on 04.08.2021 when the matter was listed on board for final hearing Mr. Anaveer Nanna, Director of the Company appeared through virtual hearing and made t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ount of Rs. 2 Lakhs towards the initial CIRP costs by way of a Demand Draft drawn in favour of the Interim Resolution Professional appointed herein, immediately upon communication of this Order. d. That this Bench hereby prohibits the institution of suits or continuation of pending suits or proceedings against the corporate debtor including execution of any judgment, decree or order in any court of law, tribunal, arbitration panel or other authority; transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest therein; any action to foreclose, recover or enforce any security interest created by the corporate debtor in respect of its property including any action ..... X X X X Extracts X X X X X X X X Extracts X X X X
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