TMI Blog2021 (10) TMI 537X X X X Extracts X X X X X X X X Extracts X X X X ..... wever, nothing happened. Finally, on 04.08.2021 when the matter was listed on board for final hearing Mr. Anaveer Nanna, Director of the Company appeared through virtual hearing and made the same request which is outrightly liable to be rejected. It is very clear from the conduct of the Corporate Debtor and the various orders passed by this Bench from time to time that the Corporate Debtor having admitted the liability is not inclined to resolve the same and the above Company Petition shall be admitted forthwith. There are no valid grounds warranting the rejection of the above Company Petition as the debt and default are clearly established and the debt is also within limitation - Petition admitted - moratorium declared. - C. P. No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his Notice dated 4th June, 2018 called upon the Corporate Debtor to make the payment of the amount of ₹ 6,00,000/- (after deducting the payment of ₹ 1,00,000/-) in lieu of the dishonored cheque, failing which necessary application will be made before this hon'ble Tribunal. The said notice dated 04.06.2018 was duly received by the Corporate Debtor. However, even after receipt of the said Notice, the Corporate Debtor failed to make the payment of the outstanding amount. 5. The Operational Creditor states that thereafter the Corporate Debtor have paid further sum of ₹ 50,000/- leaving behind principal sum of ₹ 5,50,000/-. Accordingly, once again 2nd notice was issued on 18th October, 2018. This notice was also re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ving admitted the liability is not inclined to resolve the same and the above Company Petition shall be admitted forthwith. 9. Therefore, for the reason stated above, there are no valid grounds warranting the rejection of the above Company Petition as the debt and default are clearly established and the debt is also within limitation. Thus, the present Company Petition satisfies all the necessary requirements for admission. 10. Accordingly the Company Petition is admitted by passing the following: ORDER a. The above Company Petition No. (IB)-2613(MB)/2019 is hereby allowed and initiation of Corporate Insolvency Resolution Process (CIRP) is ordered against M/s. ANV Techfab Pvt. Ltd b. Since the Operational Creditor has no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... occupied by or in the possession of the Corporate Debtor. e. 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. f. 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. g. That the order of moratorium shall have effect from the date of pronouncement of this order till the completion of the corporate insolvency resolution process or until this Bench approves the resolution plan under sub-section (1) of section 31 or passes an order for liquidation of corporate debtor under section 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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