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2017 (11) TMI 99 - Tri - Insolvency and BankruptcyCorporate insolvency process - proof of Corporate Debtor committing a default - Held that:- It is evident that Corporate Debtor has committed default and the amount @ ₹ 4,50,000/- plus 2% of the profit after tax has not been paid since 01.06.2016. The invoices have been raised (Annexure-2 (Colly) and there is default committed within the meaning of Section 3(12) read with Section 4 and Section 9 (1) of the Code, 2016. The notice under Section 8 of the Code has been duly served. Even the bank statement (Annexure-4 and 5) have been filed to satisfy the requirement of Section 9(3)(c) of the Code. The Operational Creditor has also proposed the name of Interim Insolvency Professional namely Mr. Deepak Arora, 23 Ka 4, Jyoti Nagar, Near Vidhan Sabha, Jaipur-302005, email-aroracsl@gmail.com, who has made declaration in accordance with the provisions of Rule 9 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. As a sequel to the above discussion, this petition is admitted and Mr. Deepak Arora is appointed as an Interim Resolution Professional. His registration number is IBBI/IPA- IP/00032/2016-17/1049. In pursuance of section 13 (2) of Code, we direct that -t Interim Insolvency Resolution Professional shall immediately make public announcement with regard to admission of this application under Section 7 of the Code. We also declare moratorium in terms of Section 14 of the Code.
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