2019 (5) TMI 1657

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....rwal, Advocates For The Respondent : Proceeded ex parte ORDER Per : Smt. Ina Malhotra, Member (J) The Petitioner, as an Operational Creditor, has prayed for initiation of Corporate Insolvency Resolution Process of the respondent company for its inability to liquidate its debts. 2. As per averments, it is submitted that the Operational Creditor supplied Manganese Metal and other allied goods t....

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....sent proceedings, the Corporate Debtor failed to put in appearance and was therefore proceeded ex parte. Keeping in view that the averments made by the Operational Creditor stand undemolished and, in the absence of any pre-existing dispute, the prayer of the Operational Creditor merits consideration. Accordingly, the petition is Admitted. A moratorium in terms of Section 14 of Code comes into effe....

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....tor.  Further, (2) The supply of essential goods or services to the corporate debtor as may be specified shall not be terminated or suspended or interrupted during moratorium period. (3) The provisions of sub-section (1) shall not apply to such transactions as may be notified by the Central Government in consultation with any financial sector regulator. (4) The order of moratorium shall....