TMI Blog2022 (1) TMI 669X X X X Extracts X X X X X X X X Extracts X X X X ..... required under Section 7 of the Code, this Tribunal ordered issue of notice to the Respondent by all modes. No one has represented on behalf of the Respondent. Despite service of notice by all modes, none appeared on behalf of the Respondent and as a result the Respondent was proceeded ex-parte by order dated 12.10.2021. The Applicant has established the existence of debt and default on the pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e ) for the alleged default on the part of the Respondent in settling an amount of ₹ 24,28,202/- paid to the Applicant. The details of transactions leading to the filing of this application as averred by the Applicant are as follows: a. The applicant is a Company incorporated under the Companies Act, 1996, having its registered office at 4735/11, 22, Prakash Deep Building, Ansari Road, D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or including the principle amount of ₹ 16,08,850/- and the interest amounting to ₹ 7,99,352/- (at the rate 9% upto 30.11.2019) adds up to a total of ₹ 24,08,202/-. g. The ledger accounts of the Corporate Debtor indicated the said default. 2. Since the application filed by the Applicant fulfilled all the conditions required under Section 7 of the Code, this Tribunal order ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct. 4. A moratorium in terms of Section 14 of the Code is imposed forthwith in following terms: (a) the institution of suits or continuation of pending suits or proceedings against the Respondent 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 Resp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ector regulator. (4) The order of moratorium shall have effect from the date of such order till the completion of the corporate insolvency resolution process. 5. The interim resolution professional ( IRP ) proposed by the Applicant is Mr. Dinesh Chandra Aggrawal, email id-padamdinesh@gma.tl.com, Mobile Number-9810106892, Reg. No. IBBI/IPA-001/IP-P00090/2017-2018/10186 and is being confir ..... X X X X Extracts X X X X X X X X Extracts X X X X
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