9911796707
TMI Blog2022 (10) TMI 201X X X X Extracts X X X X X X X X Extracts X X X X ..... the due date of the last invoice raised by the Operational Creditor. The Operational Creditor has thus successfully demonstrated and proved the debt and default in this case and has also proved that there is no credible reason for the Corporate Debtor to put the payment of the invoices on hold indefinitely - this Petition satisfies all the necessary requirements for admission under Section 9 of the Code. Petition admitted - moratorium declared. - C. P. (IB)- 4563 (MB)/ 2019 - - - Dated:- 16-9-2022 - Hon ble Member ( Judicial ) : Justice P. N. Deshmukh ( Retd. ) And Hon ble Member ( Technical ) : Mr. Shyam Babu Gautam For the Operational Creditor : Mr. Amit Tungare , Advocate For the Corporate Debtor : Mr. Sumit Khanna ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ect site through various purchase orders starting from 29th December 2016 to 4th September 2018. The Operational Creditor rendered the aforesaid services and raised various invoices upon the Corporate Debtor. The purchase orders along with the invoices have been duly attached to this Petition. 4. The Operational Creditor sent a Demand Notice dated 27th August 2019 calling upon the Corporate Debtor to pay an amount of Rs. 4,24,68,957/- including the interest on the principal amount. The Corporate Debtor made an initial payment of Rs. 16,29,625/- towards the outstanding debt which was adjusted in favour of the Corporate Debtor in the books of the Operational Creditor. A Second Demand Notice dated 26th November 2019 was issued by the Operat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , conclude that this Petition satisfies all the necessary requirements for admission under Section 9 of the Code. 8. For the foregoing reasons, the instant Company Petition is liable to be admitted, and accordingly the same is admitted by passing the following: ORDER a. The above Company Petition No. (IB) -4563 (MB)/2019 is hereby allowed and initiation of Corporate Insolvency Resolution Process (CIRP) is ordered against M/s. Jaatvedas Construction Co. Pvt. Ltd. b. This Bench hereby appoints Mr. Sitansh Magia, Insolvency Professional, Registration No: IBBI/IPA- 002/IP-N00293/2017-18/10850 as the Interim Resolution Professional having registered office at Flat- 9, Bhaveshwar Sadan, Plot No. 207, Tamil Sangam Road, Sion East ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sector regulator. g. That the order of moratorium shall have effect from the date of pronouncement of this order till the completion of the corporate insolvency resolution process or until this Bench approves the resolution plan under subsection (1) of Section 31 or passes an order for liquidation of corporate debtor under Section 33, as the case may be. h. That the public announcement of the corporate insolvency resolution process shall be made immediately as specified under section 13 of the Code. i. During the CIRP period, the management of the Corporate Debtor will vest in the IRP/RP. The suspended directors and employees of the Corporate Debtor shall provide all documents in their possession and furnish every informa ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
