TMI Blog2019 (8) TMI 1475X X X X Extracts X X X X X X X X Extracts X X X X ..... ed in New Delhi and therefore this Tribunal has jurisdiction to entertain and try this application. The present application is complete and the Applicant is entitled to claim its dues, establishing the default in payment of the operational debt beyond doubt which has been admitted by the Corporate Debtor while making submission before the Tribunal - The requirements of Section 9(5) of the Code are complied, hence, the present application is admitted - Moratorium declared. - Company Petition No. IB- 1601/ND/2019 - - - Dated:- 23-8-2019 - Dr. Deepti Mukesh Hon'ble Member (Judicial), Sh. Hemant Kumar Sarangi Hon'ble Member (Technical) For the Applicant: Mr. Prakash Priyadarshi, Adv. For the Respondent: Ms. Shantala Sa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t Respondent approached the applicant in the month of February 2019 for purchase of hardware products and services related to finishing and furnishing of the flats at one of the project sites. It was specifically agreed that upon procuring the goods by respondent and raising of invoices by applicant, the entire payment for such invoices shall be made within 7 days from issuance of respective invoices. As per this arrangement, the Respondent placed various purchase orders for a supply of hardware products and services related to furnishing of flats. The Applicant supplied the goods as per the orders placed by Respondent and also rendered its services on the site of the Respondent. Thereafter the applicant raised various invoices against the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Insolvency Resolution process against the Respondent. 10. Respondent failed to pay the amount demanded, neither raised any notice of dispute nor replied to the said notice, hence this application, seeking to unfold the process of CIRP. 11. On 10.07.2019, Ld. Counsel for the respondent accepted the notice and made a submission that no reply is required to be filed and the said submission is also recorded in the daily order dated 10.07.2019. 12. The applicant has filed an affidavit under Section 9 (3) (b) stating that no notice of dispute from the Respondent is received. 13. The applicant has stated that total debt due and payable is Rs. ₹ 1,14,69,600/- (Rupees One Crore Fourteen Lakhs Sixty Nine Thousand and Six Hundred onl ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
