9911796707
TMI Blog2019 (4) TMI 2001X X X X Extracts X X X X X X X X Extracts X X X X ..... . Hence this petition is filed under Section 9 of Insolvency and Bankruptcy Code, 2016, R/w Rule 6 of Insolvency & Bankruptcy (Application to the Adjudicating Authority) Rules, 2016, seeking admission of the Petition, initiation of Corporate Insolvency Resolution Process, granting moratorium and appointment of Interim Resolution Professional as prescribed under the Code and Rules thereon. 2. It is stated in the Petition that the Corporate Debtor is having Identification Number U72200TG1999PLC032556 and having its registered office in Hyderabad. The issue arose as the Corporate Debtor/ Respondent failed to pay the amount towards Consulting Services for Accounting and Liasioning Services for the financial Year 2017- 2018 to the Petitioner. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (Five Lakhs Rupees only) towards Consulting services for Accounting and Liasioning Services for the financial year 2017- 208 is supported by Annexures attached to the main Petition, which contains demand notice in Form No.3 and 4 as prescribed by the IBC Code, 2016, invoice copies, Bank Statements for the year 2017- 2018 of account where no deposits are made or credits received by the Operational Creditor in respect of the debt of the Corporate Debtor. 8. The notice was served on the corporate debtor. Postal track record is filed through Memo. Learned counsel contended that corporate debtor has not replied or failed to defend. The claim is submitted within period of time prescribed under Limitation Act, 1963. Thus, the claim is within lim ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ts and Enforcement of Security interest Act, 2002 (54 of 2002); the recovery of any property by an owner or lessor where such property is occupied by or in possession of the corporate Debtor. b. That the supply of essential goods or services to the Corporate Debtor, if continuing, shall not be terminated or suspended or interrupted during moratorium period. c. That the provisions of sub-section (1) of Section 14 shall not apply to such transactions as may be notified by the Central Government in consultation with any financial sector regulator. d. That the order of moratorium shall have effect from 8th April, 2019 till the completion of the Corporate Insolvency Resolution Process or until this Bench approves the Resolution Plan under ..... X X X X Extracts X X X X X X X X Extracts X X X X
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