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TMI Blog2021 (10) TMI 707X X X X Extracts X X X X X X X X Extracts X X X X ..... ules, 2016 by Reliable Finance Coprn Private Limited (for brevity 'Applicant'), with a prayer to initiate the Corporate Insolvency Resolution Process against DHSL Textiles (INDIA) Limited (for brevity 'Corporate Debtor') 2. The Applicant is a private limited company, having CIN U74899DL1956PTC002640, inter alai engaged in the business of selling, purchasing and trading of securities. The office is situated atl06, T-10, Main Patel Road, Guruarjun Nagar Shadi Khampur New Delhi-110008. 3. The Corporate Debtor is a limited company, incorporated under the provisions of Companies Act, 1956 on 19.12.1984 bearing CIN L51900DL1984PLC019624, inter alia engaged in the business as manufacturer, buyer, seller dealer of all kinds of fab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Debtor on 10.11.2020. The tracking report is filed, which mentions 'Item Delivery Confirmed'. The Corporate Debtor has neither raised any dispute to the aforesaid notice nor made any payment towards the outstanding dues. 7. The Applicant filed present Application under section 9 of IBC, 2016 and served the copy of this application at the registered address as well as via email, as reflected on the MCA website, which was duly delivered to the corporate debtor. The affidavit of service has duly been filed. 8. The Corporate Debtor has neither filed any reply nor appeared before the bench. The corporate debtor was proceeded ex-parte on 06.04.2021. 9. As per Form V, Part IV of the application, the corporate debtor is liable to pay a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as required under IBBI (insolvency Resolution Process for Corporate Persons) Regulations, 2016 within a period of one week from the date of this order. 14. We direct the Operational Creditor to deposit a sum of Rs. 2 lacs with the Interim Resolution Professional, namely Atiuttam Prasad Singh to meet out the expenses to perform the functions assigned to him in accordance with regulation 6 of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Person) Regulations, 2016. The needful shall be done within one week from the date of receipt of this order by the Operational Creditor. The amount however be subject to adjustment by the Committee of Creditors, as accounted for by Interim Resolution Professional, and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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