TaxTMI 
TaxTMI 
2020 (2) TMI 1074
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....Corporate Debtor"). 2. The Corporate Debtor is a private company limited by shares and incorporated on 09.03.2010 under the Companies Act, 1956, with the Registrar of Companies (RoC), Maharashtra, Mumbai. Its CIN is U72900MH2010PTC200662. Its registered office is at No.5/003, Jaya Darshan CHS Ltd, Geeta Nagar, Bhayander (W), Thane, Maharashtra 401101.Therefore, this Bench has jurisdiction to deal with this petition. 3. The present petition was filed on 09.08.2019 before this Adjudicating Authority on the ground that the Corporate Debtor failed to make payment of a sum of Rs. 8,25,000.00 (Rupees eight lakh twenty-five thousand only) as principal and Rs. 1,01,305.00 (Rupees one lakh one thousand three hundred and five only) as interest as o....
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....five only), as mentioned at page 43 of the Petition. 6. The Operational Creditor had served a Demand Notice in Form 3 dated 25.06.2019 to the Corporate Debtor (Exhibit '1', pp.40-42) in terms of section 8 of the IBC. The Corporate Debtor has not replied to the Demand Notice. 7. The Corporate Debtor has unequivocally acknowledged the debt vide its letter dated 30.01.2019, as seen from the Petition at p.59. 8. Court Notice dated 09.09.2019 has been served on the Corporate Debtor. 9. Ms Ruchita Shah i/b Ruchita Shah & Associates, Learned Authorised Representative appeared on behalf of the Corporate Debtor and made her submissions. 10. We have heard the arguments of both sides and perused the records. 11. It is noted that the Corp....
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....(Application to Adjudicating Authority) Rules, 2016 for initiating Corporate Insolvency Resolution Process (CIRP) against Lakeview Techsystems Private Limited [CIN: U72900MH2010PTC200662], the Corporate Debtor, is admitted. (b) There shall be a moratorium under section 14 of the IBC, in regard to the following: (i) The institution of suits or continuation of pending suits or proceedings against the Corporate Debtor including execution of any judgment, decree or order in any court of law, tribunal, arbitration panel or other authority; (ii) Transferring, encumbering, alienating or disposing of by the Corporate Debtor any of its assets or any legal right or beneficial interest therein; (iii) Any action to foreclose, recover or enforce....
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....pp Shakti Nagar, Dahisar (E), Mumbai, 400068 [email: [email protected], Mobile: 9769113490], is hereby appointed as Interim Resolution Professional (IRP) of the Corporate Debtor to carry out the functions as per the IBC. The fee payable to IRP or, as the case may be, the RP shall be compliant with such Regulations, Circulars and Directions as may be issued by the Insolvency & Bankruptcy Board of India (IBBI). The IRP shall carry out his functions as contemplated by sections 15, 17, 18, 19, 20 and 21 of the IBC. (g) During the CIRP Period, the management of the Corporate Debtor shall vest in the IRP or, as the case may be, the RP in terms of section 17 of the IBC. The officers and managers of the Corporate Debtor shall provide all docume....