2020 (5) TMI 275

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..... ows that Nil amount is payable by the operational creditor - time limitation - HELD THAT:- The communication made by the corporate debtor on August 5, 2013 shows that there is no amount payable to the operational creditor , which was not disputed by the operational creditor - In the present case, before issuance of the demand notice under section 8(1) on December 26, 2017 the corporate d .....

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..... operational creditor ) filed an application under section 9 of the Insolvency and Bankruptcy Code, 2016 ( I and B Code for short) for initiation of the corporate insolvency resolution pro- cess against M/s. Devas Engineering Systems P. Ltd. -( corporate debtor ). The Adjudicating Authority (National Company Law Tribunal), Single Bench, Chennai, by impugned order dated January 21, 2019-(Lasa E .....

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..... s P. Ltd. -( corporate debtor ) to the operational creditor dated August 5, 2013 wherein the corporate debtor intimated that the balance as on August 5, 2013 was Nil . It is stated that no objection was made thereafter. 5. Having heard learned counsel for the parties and on perusal of the record, we find that the communication made by the corporate debtor on August 5, 2013 shows that the .....

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