TMI Blog2019 (8) TMI 1493X X X X Extracts X X X X X X X X Extracts X X X X ..... 19 - B.S.V. Prakash Kumar, Judicial Member And S. Vijayaraghavan, Technical Member For the Operational Creditor : Mrs. Ambili Menon, Adv. and Ms. Swapna, Adv. For the Corporate Debtor : Ramalingam, Adv. ORDER B.S.V. PRAKASH KUMAR, JUDICIAL MEMBER - 1. It is a Company Petition filed u/s.9 of the Insolvency and Bankruptcy Code, 2016 ( the Code ) for initiation of Corporate Insolvency and Resolution Process (CIRP) against the Corporate Debtor on the ground the Corporate Debtor defaulted in paying ₹ 6,85,327 as on 09.04.2018. 2. On perusal of this Company Petition, it appears that this Operational Creditor has given its property on rent to the Corporate Debtor, since the Corporate Debtor failed to pay the re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... which is as follows: Dear Mr. Shankaran/Mr. Gawthama Shankar, With reference to the subject matter, as per lease agreement dated 01-02-2012, I hereby acknowledge takeover of vacant possession of my subject land on 09-04-2018 from you through Mr. Sivakumar. As on 09-04-2018 after adjusting security deposit lying with me the total rental dues payable by you amounts to ₹ 6,85,327 as detailed below: Rent from 01-02-2017 to 31-03-2018 @ 47,925/- per month [47925*14] = ₹ 6,70,950/- Rent from 01-04-2018 to 09-04-2018 [74,925/30 * 9] = ₹ 14,377/- Total = ₹ 6,85,327/- During the above said p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Priya S. Anand as IRP with directions as follows:- (i) That Moratorium is hereby declared prohibiting all of the following actions, namely, (a) the institution of suits or continuation of pending suits or proceedings against the corporate debtor including execution of any judgment, decree or order in any court of law, Tribunal, Arbitration panel or other Authority; (b) Transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest therein; (c) any action to foreclose, recover or enforce any security interest created by the corporate debtor in respect of its property including any action under the Securitisation and Reconstruction of Financial Assets and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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