9911796707
TMI Blog2018 (7) TMI 2232X X X X Extracts X X X X X X X X Extracts X X X X ..... for brevity 'the Rules') with a prayer for initiation of Corporate Insolvency process in respect of Respondent corporate debtor. 2. The applicant M/s Bindals Merchandise is a trading division of Bindal Papers Limited constituted vide Board resolution dated 05.09.2011 for the purpose of dealing in trading of iron and steel agro products, chemicals, fuel and lubricants, Machinery part and their Accessories and having its registered office at 6th K.M, Bhopa Road, Muzaffarnagar, Uttar Pradesh. 3. The Respondent Maple Realcon Private Limited is a company incorporated under the companies Act, 1956 having its registered office at B-22, F/ Floor, Village Gazipur, Delhi-110096. Since the registered office of the respondent corporate debtor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng with the interest were mentioned as outstanding dues to be paid by respondent. It is contended that neither the said demand notice has been replied by the respondent nor have clear the debt. 7. The applicant has filed an affidavit of service deposing that steps for service have been taken in terms of the directions given by the Bench vide order dated 23.05.2018. Notice from the bench has also been send by the Email dated 22.05.2018. However neither the director nor any other person has appeared or filed reply before this court. Since the amount claimed by Operational Creditor has not been disputed by the Respondent despite being given adequate opportunity to file reply. The respondent has been proceeded ex-parte vide order dated 3 1.05. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to such transactions as may be notified by the Central Government in consultation with any financial sector regulator. 11. It is made clear that the provisions of moratorium shall not apply to transactions which might be notified by the Central Government. Additionally, the supply of the essential goods or services to the Operational Debtor as may be specified is not to be terminated or suspended or interrupted during the moratorium period. These would include supply of water, electricity and similar other supplies of goods or services. The Insolvency and Bankruptcy Board of India vide its letter dated 01.01.2018 has recommended a panel of Insolvency Professionals for appointment as Insolvency Resolution Professional in compliance with Se ..... X X X X Extracts X X X X X X X X Extracts X X X X
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