TMI Blog2018 (2) TMI 445X X X X Extracts X X X X X X X X Extracts X X X X ..... days, reckoning from the day this order is passed. The moratorium is hereby declared which shall have effect from the date of this Order till the completion of Corporate Insolvency Resolution Process, for the purposes referred to in Section 14 of the I&B Code, 2016. - CP/667/(IB)/(CB)/2017 - - - Dated:- 4-1-2018 - CH. MOHD SHARIEF TARIQ, J. For The Operational Creditor (S) : Ms. T. Jayalakshmi And M/s. Paul And Paul For The Corporate Debtor (S) : Proceeded Ex parte ORDER Per : CH MOHD SHARIEF TARIQ, MEMBER (J) 1. Under adjudication is CP/667/(IB)/CB/2017 that has been filed by the Operational Creditor under Section 9 of the Insolvency Bankruptcy Code, 2016 (in short, I B Code, 2016 ) r/w the Insolvency ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Application, the same are evidencing the admission of the liability on the part of the Corporate Debtor. 4. The outstanding amount claimed against the Corporate Debtor is ₹ 1,75,698/- along with interest @ 24% p.a. The Corporate Debtor has also issued Demand Notice dated 01.07.2017 under Section 8 of the I B code, 2016, the copy of which is placed at pages 19 to 23 of the typed set filed with the Application, to which the Corporate Debtor has not given any reply. 5. The Operational Creditor has also filed the Affidavit in compliance of the provisions of Section 9(3)(b) of the I B Code, 2016. The Affidavit is placed at pages 28 and 29 of the typed set filed with the Application deposing therein that the Corporate Debtor has n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egal right or beneficial interest therein; (c) Any action to foreclose, recover or enforce any security interest created by the corporate debtor in respect of its property including any action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002); (d) The recovery of any property by an owner or lessor where such property is occupied by or in the possession of the corporate debtor. 8. The supply of essential goods or services of the Corporate Debtor shall not be terminated or suspended or interrupted during moratorium period. The provisions of Sub-section (1) of Section 14 shall not apply to such transactions, as notified by the Central Government. 9. The Opera ..... X X X X Extracts X X X X X X X X Extracts X X X X
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