2018 (12) TMI 1701

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.... and Ms. Smita Kant, Advs. ORDER Smt. INA Malhotra, Judicial Member- The petitioner, as an Operational Creditor, has prayed for initiation of Corporate Insolvency Process against the Respondent/Corporate Debtor for its inability to liquidate its Operational debt. As per the averments, the Operational Creditor is engaged in the business of all kinds of Electric and air-conditioning works f....

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....Arrangement". During the course of business, the Operational Creditor had raised invoices against the supply of goods and equipment's as detailed below: Purchase Order No. Invoice No. Value WWE/17-18/006 440031663 13,66,200   440031666 3,30,153   440031683 1,00,681   440031697 6,53,200 WWE/17-18/007 440031664 4,18,600 W....

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....ect credit of the amounts under the dishonoured cheques. 5. The respondent was served through the process of the Bench. None appeared nor was any reply filed. The Corporate Debtor was therefore proceeded ex-parte. 6. In view of the uncontroverted facts and in absence of any dispute, the prayer of the Operational Creditor merits consideration. Accordingly, a moratorium in terms of Section 14 ....

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.... of any property by an owner or lessor where such property is occupied by or in the possession of the corporate debtor.     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 ....