2017 (5) TMI 1507

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....HAPATRA, MEMBER (TECHNICAL) For the Petitioner : Mr. Joseph Pookkatt, Advocate and Mr. Dhawesh Pahuja, Advocate ORDER The present petition has been filed under the provisions of Section 9 of Insolvency and Bankruptcy code, 2016 (hereinafter referred to as the Code), praying for initiation of Insolvency Resolution process against the Respondent / Corporate Debtor. 2. The Petitioner clai....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ed interest at 20% on their outstanding dues. Despite notices, the corporate debtor has failed to liquidate its liability. 3. Though compliance of issuance of notice under Section 8 of the code has been made by the operational creditor which has not been responded to, we find that the claim made in the present case is barred by limitation. The last payment received by the operational creditor i....