9911796707
TMI Blog2019 (9) TMI 1122X X X X Extracts X X X X X X X X Extracts X X X X ..... ree Aag Fire Systems Private Limited (for brevity, "Corporate Debtor") under Section 9 of the Insolvency and Bankruptcy Code, 2016 stating that on the purchase orders, the Operational Creditor supplied the G.I. Pipe & M.S. ERW to the corporate debtor who is dealing with fire fighting equipments. The Operational Creditor raised invoices from 28.08.2017 to 28.09.2017 for the goods supplied. The Corporate Debtor is liable to pay to the Operational Creditor a total sum of Rs. l3,46,848 (Rupees Thirteen Lakh Forty Six Thousand Eight Hundred Forty Eight) including an amount of Rs. 1,94,061/- being interest at 18% per annum till 11.09.2018. Computation of amount of debt due and date of default along with calculation of interest is furnished. 2. S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 38). Since the Operational Creditor having furnished the proof to establish that debt and default are in existence, for there being no dispute from the Corporate Debtor side against the claim made by the Operational Creditor, this Bench, having satisfied with the proof filed by the Operational Creditor in compliance of provisions of Sections 8 and 9 of the Insolvency and Bankruptcy Code, admits the instant Company Petition. 6. In view of the commencement of Insolvency Resolution Process with the admission of this Petition, this Adjudicating Authority hereby passes an order declaring moratorium prohibiting all of the following actions, namely, I. the institution of suits or continuation of pending suits or proceedings against the corporat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ified under section 13 of IBC. VI. That this Bench hereby appoints Shri Kedar Ramratan Laddha, Regn.No.IBBI/IPA-001/IP/P-00586/2017-2018/11115, No.6/5 Sahayog Apartment, Keshavnagar, Subhash Bridge, RTO Circle, Ahmedabad, Gujarat, Mobile No.9737533000, E-Mail : [email protected], as Interim Resolution Professional (IRP), as proposed by the Operational Creditor along with his consent letter in Form-2 to carry out the functions as mentioned under IBC. Fee payable to IRP/RP shall be in compliance with the IBBI Regulations/Circulars/Directions issued in this regard. 7. The Registry is also directed to communicate this order to the Operational Creditor and Corporate Debtor and to the IRP. 8. Accordingly, this Company Petition IBA/64/2019 is ..... X X X X Extracts X X X X X X X X Extracts X X X X
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