9911796707
TMI Blog2017 (8) TMI 1655X X X X Extracts X X X X X X X X Extracts X X X X ..... r has furnished all information required for initiating Insolvency Resolution Process against the Respondent-1 Company, this Bench is satisfied that the corporate debtor failed to discharge the liability mentioned in this Company Petition filed by the operational creditor under section 9 of Insolvency and Bankruptcy Code, 2016 resulting occurrence of default for an amount of ₹ 1,18,34,618.66/-, this Bench admits this Petition under section 9 of Insolvency and Bankruptcy Code, 2016 declaring moratorium - Petition admitted. - CP (IB) No.01/BB/17 - - - Dated:- 30-8-2017 - Hon ble Shri Ratakonda Murali, Member (Judicial) and Hon ble Shri Ashok Kumar Mishra, Member (Technical) For the Petitioner :Sangeeta M.S. Advocate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the Respondent No.1 Company. The matter was listed on 16.08.2017 and the counsel for the Company was present on that day and the matter was listed to 18.08.2017 for filing objections. Again, on 18.08.2017, objections were not filed and time was requested on behalf of the Company and it was listed on 21.08.2017. Again, on that date, objections were not filed and the matter was again listed to 23.08.2017. Even on 23.08.2017, objections were not filed. So, the Tribunal has given sufficient time to Falcon Tyres Ltd. to file its objections if any and thereafter on 23.08.2017, this Tribunal treated that the Company has not filed any objection and therefore, it was listed to 29.08.2017 and again listed it to today as the time prescribed by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any judgement, 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 under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002; the recovery of any property by an owner or lessor where such property is occupied by or in the possession of the corporate debtor. ii. That the supply of essential goods or services to the corporate debtor, if continuing, shall not be terminate ..... X X X X Extracts X X X X X X X X Extracts X X X X
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