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2019 (11) TMI 446

..... ch is of the view that the Operational Creditor has proved existence of debt and default, therefore, we hereby admit this company application looking at the consent given by Mr. P. Sriram with a direction to the Operational Creditor to pay remuneration to the IRP and his expenses until the constitution of CoC. Application admitted - moratorium declared. - IBA/838/2019 - 30-8-2019 - MR B.S.V. PRAKA .....

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..... eafter, this Operational Creditor demanded the Corporate Debtor to pay its claim by sending e-mails on 20.10.2018 and 10.12.2018. To which, the Corporate Debtor has sent reply on 02.05.2018 stating that it would pay the invoice amount due to the Operational Creditor but thereafter, no payment having come from the Corporate Debtor, the Operational Creditor on 05.04.2019 issued Section 8 notice dema .....

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..... Corporate Debtor is not in a position to pay the same, the Operational Creditor has sought for admission of this Company Petition. 5. Looking at the facts aforementioned, this Bench is of the view that the Operational Creditor has proved existence of debt and default, therefore, we hereby admit this company application looking at the consent given by Mr. P. Sriram with a direction to the Operatio .....

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..... under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act); (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. (II) That the supply of essential goods or services to the corporate debtor, if continuing, shall not be terminated or suspended or inte .....

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..... P-N00292/2017-2018/10895), 10/17 Anadm Colony, South Canal Bank Road, Mandaveli, Chennai-600 028, E-mail: sriampcs@gmail.com, Mobile No: 9940336666 with his consent to carry the functions as mentioned under The Insolvency & Bankruptcy Code. 7. The Registry is hereby directed to immediately communicate this order to the Operational Creditor, the Corporate Debtor and the Interim Resolution Profe .....

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