9911796707
TMI Blog2019 (8) TMI 1813X X X X Extracts X X X X X X X X Extracts X X X X ..... ice of Court Notice and after providing ample opportunities. On perusal of the documents submitted by the Applicant, it is clear that debt amounting to ₹7,00,020/- is due and payable by the Corporate Debtor to the Applicant against the invoice dated 21.11.2015 for goods supplied. The outstanding debt is acknowledged by the Corporate Debtor vide its email dated 24.02.2016 by assuring to clear the due amount by the end of the month. Further, the Corporate Debtor has marked its appearance through its counsel but did not file an objection against admission of this application. The outstanding amount that is admittedly in default is more than ₹1,00,000/-. The Application under section Section 9 of I B Code, 2016 filed by the Op ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .10.2016. 4. The Applicant submits that the invoice dated 21.11.2015 for a sum of ₹14,20,466/-(Rupees Fourteen Lakh Twenty Thousand Four Hundred Sixty Six only) was raised against the Corporate Debtor for the materials supplied by the Applicant. A copy of the purchase order dated 10.11.2015 and the invoice dated 21.11.2015 are annexed with the application. 5. The Applicant had issued Demand Notice dated 13.08.2018 and the same was duly served on 16.08.2018 on the Corporate Debtor. Copy of the Demand Notice and the track report of the consignment are annexed to the Application. 6. The Applicant has filed an affidavit in compliance of section 9(3)(b) dated 11.09.2018 of the I B Code, 2016 stating that the Corporate Debtor has ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ₹7,00,020/-(Rupees Seven Lakh Twenty only) is due and payable by the Corporate Debtor to the Applicant against the invoice dated 21.11.2015 for goods supplied. The outstanding debt is acknowledged by the Corporate Debtor vide its email dated 24.02.2016 by assuring to clear the due amount by the end of the month. Further, the Corporate Debtor has marked its appearance through its counsel but did not file an objection against admission of this application. The outstanding amount that is admittedly in default is more than ₹1,00,000/-. 11. The Applicant has not proposed the name of registered Insolvency Resolution Professional to act as Interim Resolution Professional, to carry out the functions as mentioned under I B Code. 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er 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 possession of the corporate debtor. II. That the supply of essential goods or services to the corporate debtor, if continuing, shall not be terminated or suspended or interrupted during the moratorium period. III. That the provisions of sub-section (1) of Section 14 of I B Code shall not apply to such transactions as may be notified by the Central Government in consultation with any financial sector regulator. IV. That the order of moratorium shall have effect from the date of this order till the completion of the corporate inso ..... X X X X Extracts X X X X X X X X Extracts X X X X
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