9911796707
TMI Blog2018 (8) TMI 1986X X X X Extracts X X X X X X X X Extracts X X X X ..... ited, the Corporate Debtor as they are unable to pay the outstanding debt of a sum of Rs. 5,59,19d/- despite the demand. 2. The Operational Creditor stated that in the year 2015, they gave services to lay foundation and carried construction work of the Corporate Debtor. He is entitled to recover a sum of Rs. 5,59, 198/- from the Corporate Debtor towards his charges. In spite of repeated demands, the Corporate Debtor failed and neglected to pay the above amount. Hence, on 26.03.2018, he sent the demand notice under section 8 of I&B Code to the Corporate Debtor. Notice was received by the Corporate Debtor but the Corporate Debtor did not make payment nor there was any reply to the notice pointing out any pending dispute. Hence, this petition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in his account. This fact is otherwise not in dispute. There is no disciplinary proceeding pending against the proposed IRP, whose name is suggested herein by the Operational Creditor. Hence, I admit this petition and pass the following order: ORDER i) The application filed by the Operational Creditor under Section 9 of the Insolvency & Bankruptcy Code, 2016 is hereby admitted for initiating the Corporate Resolution Process in respect of M/S. Kohinoor Power Private Limited. Moratorium order is passed for a public announcement as stated in Sec. 13 of the IBC, 2016. ii) The moratorium is declared for the purposes referred to in Section 14 of the Insolvency & Bankruptcy Code, 2016. The IRP shall cause a public announcement of the initiat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m shall affect the date of admission till the completion of the Corporate Insolvency Resolution Process. vii) Provided that where at any time during the corporate insolvency resolution process period, if the Adjudicating Authority approves the resolution plan under sub-section (1) of Sec.31 or passes an order for liquidation of corporate debtor under Section 33, the moratorium shall cease to have effect from the date of such approval or liquidation order, as the case may be. viii) Necessary public announcement as per Sec. 15 of the IBC, 2016 may be made by the resolution professional upon receipt of the copy of this order. (ix) Ms. Savita Agarwal, West Bengal from the current list of IBBI having Email Id: [email protected] and Reg ..... X X X X Extracts X X X X X X X X Extracts X X X X
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