TMI Blog2019 (7) TMI 834X X X X Extracts X X X X X X X X Extracts X X X X ..... e is found complete for the purpose of initiation of Corporate-Interim- Resolution-Process in respect of Corporate-Debtor-Company - the present IB petition is admitted - Moratorium declared. - C.P. (I.B.) No. 317/9/NCLT/AHM/2018 - - - Dated:- 2-5-2019 - MR HARIHAR PRAKASH CHATURVEDI, MEMBER (JUDICIAL) AND MS. MANORAMA KUMARI, MEMBER (JUDICIAL) For The Petitioner : Mr Kunal P. Vaishnav, Adv. ORDER Per : Harihar Prakash Chaturvedi, Member ((Judicial) 1. The present I.B. Petition is preferred by the Operational Creditor M/s. Kwality Industries (Bhopal) Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016 (herein after referred to as a Code ) se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt with WHO Certification in the year 2014 only and have long business association with Applicant since the year 2015. The Respondent/Corporate-Debtor-Company had bought corrugated boxes on various dates and had allegedly defaulted in payment from 23rd May, 2017, amounting to ₹ 12,13,360/- (Rupees Twelve Lakhs Thirteen Thousand Three Hundred and Sixty Only). Hence, the present LB. Petition seeking C.I.R.P. in respect of Corporate Debtor Company. 5. The Respondent/Corporate-Debtor-Company has filed its objection/reply by opposing the present petition. It is submitted that the company met with an accident in its factory on 18.10.2017 wherein, a fire broke out, which led to severe losses to the Respondent Company and its o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... admitted and the default is duly established. The present IB. Petition is filed by the duly authorised signatory and it is filed well within limitation. Its filing is in order. 8. By considering the above given facts of the present case, the present IB petition filed under Section 9 of the code is found complete for the purpose of initiation of Corporate-Interim- Resolution-Process in respect of Corporate-Debtor-Company. 9. Therefore, the present IB petition is admitted with following observations/Orders/Directions: 10. As per the provisions of Sections 13 and 14 of the IB. Code on the date of commencement of insolvency, this adjudicating authority declares moratorium for prohibiting all of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dra B. Mistri, having Insolvency Professional Registration. No. IBBI/IPA-003/IP- N000126/2017-2018/11337, Email ID: jagdishchandramistri@gmail.com, Mobile No. 09909431034, Address: Bungalow No.2, New Uday Park Society, Part-II, Opp. Chandrapuri Apartment, B/h. Sarkari Vasahat, Vastrapur, Ahmedabad - 380052 ; as an Interim-Resolution-Professional. The Interim-Resolution-Professional is further directed to make public announcement of moratorium in respect of Corporate-Debtor-Company soon after receipt of an authenticated copy of this order and to act further as per the order/direction issued by this Adjudicating-Authority and to follow the provisions Sections 13 and 14 and relevant provisions of the Insolvency and Bankruptcy Code. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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