2019 (9) TMI 1383

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....) AND Hon'ble Chandra Bhan Singh, Member (T) For the Petitioner : Advocate Mr. Angad Singh i/b Law Chamber or Siddharth Murarka For the Respondent : None ORDER Per: M.K. Shrawat, Member (J) 1. A Petition on Form No. 1 was filed on 10.01.2019 by the "Operational Creditor" M/s Prabhat Steel Traders Private Limited, under section 9 of the Insolvency and Bankruptcy Code , 2016 read ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....223; was placed by the Corporate Debtor and in compliance goods were supplied. As per the invoices the description of the goods supplied was stated to be "Hot Rolled& Pilled Round Bars". It has also been informed that the debt amount was confirmed by the debtor as per the statement of account for the period 1st April 2016 to 31st March 2017. Brief History of the case: 3. This case was listed in....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... FINDINGS. 4. Considering the totality of the facts and circumstances of the case, it is now ascertained that the goods were supplied on demand, however, without any reason the value of the goods have not been paid by the Respondent/debtor. The Invoices raised remained unpaid. As per the Ledger Account along with the Statement of Account the outstanding debt in question was duly acknowledged b....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....roposed the name of Insolvency Professional. The IRP proposed by the Financial Creditor viz., Mr. Bhaskar Gopal Shetty, Address : C- 77,Shanti Shopping Centre, Mira Road East, Maharashtra-401107, having registration No. IBBI/IPA-001/IPA-001/IP-P-01285/2018-19/12003is hereby appointed as Interim Resolution Professional to conduct the Insolvency Resolution Process. 7. Having admitted the Petition....