2019 (8) TMI 1475

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.... (Application to Adjudicating Authority) Rules, 2016 (for brevity 'the Rules') by M/S Emperos Infrastructure Pvt. Ltd. (for brevity 'Applicant') through its director Mr. Munir Ali Khan authorizing him to file present application vide Board resolution dated 25.06.2019, with a prayer to initiate the Corporate Insolvency process against M/S Earthcon Infracon Private Limited (for brevity 'Respondent'). 2. The Applicant, the Operational Creditor namely M/S Emperos Infrastructure Private Limited is a company incorporated under the provisions of Companies Act, 1956 with CIN No. U70109UP2017PTC097744, having its registered office at Elan Press, Top Khana Road, Kat Kuyy A, Feeder, Rampur, Uttar Pradesh- 244901. 3. The Respo....

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....2019  Rs. 50,71,640/- TOTAL  1,14,69,600/- 7. Inspite of various requests made and reminders sent by the Applicant, the Respondent never bothered to reply and has miserably failed in discharging the liability of the outstanding payments in favour of the applicant. 8. Subsequently the representatives of applicant met the officials, who assured the applicant for clearing the complete outstanding within seven days and further acknowledged and admitted the liability in respect of the outstanding invoices by the way of signing the Ledger Account Dated 10/05/19 of the Applicant thereby confirming the debt payable. 9. Thereafter, on failure to pay the outstanding dues by the Respondent, the applicant sent a demand notice dated 11.0....