2019 (11) TMI 446

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....Shri. A. M. Ilango, Advocate For The Corporate Debtor : Shri N. P. Vijay Kumar, Advocate And Shri Pradeep, Advocate ORDER Per : B. S. V. PRAKASH KUMAR, MEMBER (JUDICIAL) It is an Insolvency & Bankruptcy Application filed u/s 9 of the Insolvency & Bankruptcy Code, 2016 ("the Code") by the Operational Creditor for initiation of Corporate Insolvency Resolution Process against the Corporat....

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....Rs. l,70,000 along with interest, failing which, the Operational Creditor would proceed against the Corporate Debtor u/s 9 of the Insolvency & Bankruptcy Code. 3. Though Section 8 notice was received by the Corporate Debtor on 06.04.2019, for there being neither reply nor payment from the Corporate Debtor, the Operational Creditor has initiated this proceeding against the Corporate Debtor. 4....

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....enses until the constitution of CoC. 6. Accordingly, this Company Application is hereby admitted with the following directions: (I) That Moratorium is hereby declared prohibiting all of the following actions, namely, (a) the institution of suits or continuation of pending suits or proceedings against the corporate debtor including execution of any judgment, decree or order in ....

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....terrupted during moratorium period. (III) That the provisions of sub-section (1) of Section 14 shall not apply to such transactions as may be notified by the Central Government in consultation with any financial sector regulator. (IV) That the order of moratorium shall have effect from 29.08.2019 till the completion of the corporate insolvency resolution process or until this Ben....