TaxTMI 
TaxTMI 
2019 (8) TMI 553
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.... brevity 'Applicant') with a prayer for initiation of Corporate Insolvency Resolution Process against M/s. Ojasvi Agritech Private Limited (for brevity "Corporate Debtor"). 2. The Applicant Mr. Suraj Mal Sharma is engaged in the business of providing local transport services across the territory of Jaipur and running his business in its own name. 3. The Corporate Debtor is a Private Limited Company, incorporated under the provisions of companies Act, 1956 on 12.09.2011, duly registered with Registrar of Companies, Jaipur having CIN: U0112222011PTC036434, having its registered office atB2l535, G-2, Bhanu Apartment, Opp. North Gate of Chitrakoot Stadium, Chitrakoot, Vaishali Nagar, Jaipur- 302021 (Rajasthan). The Authorized share ....
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....ebtor. 6. The total amount claimed by the applicant as mentioned in Part IV is a sum of Rs. 3,30,6431- including interest as an outstanding amount which is due and payable by the corporate debtor as described below: PART IV Sr. No. Particulars of Operational Debt 1. Total amount of debt, details of transactions on account of which debt fell due, and the date from which such debt fel due. 2. Amount claimed to be in default and the date on which the default occurred Rs. 3,30,6431 (Rupees Three Lakh Thirty Thousand Six hindered and Forty- Three Only) inclusive of simple interest calculated at the rate of l2o/o per annum from the date of respective default dates. Date of 1st default : 20.08.2017 7. While arguing the matter....
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....n. 12. In the given facts and circumstances, we find that the application in Form 5 is complete; no payment of the unpaid operational debt of Rs. 2,80,000/- has been made; demand notice in Form No. 3 and 4 was duly served on corporate debtor through registered post but no reply was received by Operational Creditor; the affidavit under section 9 (3) (b) of no dispute has been filed. In view of the satisfaction of the conditions provided for in Section 9(5)(i) of the Code, we admit the application and direct the initiation of CIRP of M/s. Ojasvi Agritech Private Limited. 13. The Applicant has named the Interim Resolution Professional (IRP), and accordingly Mrs. Pratibha Khandelwal having registration number IBBI/IPA-002/IP-N0003 112016-20....