9911796707
TMI Blog2019 (4) TMI 1739X X X X Extracts X X X X X X X X Extracts X X X X ..... tioner : Karan Sethi, Adv. ORDER Per : Smt. INA Malhotra, Member. (J) The present petition has been filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 (herein after referred to as the "Code"), praying for initiation of the Corporate Insolvency Resolution of the Respondent/Corporate Debtor for its inability to liquidate its outstanding debt towards them. 2. As per averments, the pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed on which the indexing belt was fixed. Since the motor fitted was not of adequate power, it was upgraded at the request of the Corporate Debtor. Fresh invoice was raised for a Servo Motor which was not a part of the original invoice. The Corporate Debtor also undertook to pay the transportation charges. The Operational Creditor raised an invoice dated 25.01.2016 Rs. 1,32,600/- towards the new mo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was issued to the Corporate Debtor which was duly delivered, but was not replied to. The present petition has been filed in the required format complying with the provisions of Sections 9(3) (b) & 9(3) (c) of the Code. 5. Upon filing of the present petition, the Corporate Debtor was issued notice. Since they failed to appear in Court to resist the petition, they were proceeded ex parte. In view ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 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. Further, (2) The supply of essential goods or services to the corporate debtor as maybe specified shall not be terminated or s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the name of any IRP. Accordingly, we appoint, Mr. Ravi Bansal, Registration No. IBBI/IPA-001/IP-P00162/2017-18/10331, email: [email protected], Mobile No. 9868543031, duly empanelled with the IBBI as the IRP. He is directed to take such steps as are mandated under the Code, more specifically under Sections 15, 17,18,20 and 21 and file his report. 8. The Operational Creditor is directed to d ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
