Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2018 (2) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (2) TMI 1726 - Tri - Insolvency and BankruptcyCorporate insolvency process - complied with the mandatory requirements of Section 9(3)(b) and 9(3)(c) of the Code - Held that:- Referring to the affidavit of petitioner which states that the petitioner did not receive any notice of dispute from the corporate debtor nor the outstanding amount has been paid. The petitioner has also filed copy of statements of account of the petitioner in which the amount of debt is being normally credited. The petitioner has also filed certificate from Axis Bank (Annexure P12), the financial institution where the petitioner is maintaining the account that no credit of the amount has been given in the account of the petitioner on behalf of the respondent-corporate debtor for the period 01.01.2018 to 16.02.2018. This aspect otherwise is not disputed by the respondent-corporate debtor. We find that all the compliances have been made and the application is complete and the petition deserves to be admitted. In view of the above, the instant petition is admitted declaring moratorium for prohibiting all accordingly.
|