2019 (9) TMI 1447

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.... For the Appellant : Yashvardhan and Kanishk Rana, Advocates For the Respondents : Karishma Jaiswal, PCS ORDER DICTATED IN THE OPEN COURT Learned Counsels for the parties are present. This Petition is filed under Section 9 of IBC, 2016 by V-Con Telecom Towers (P) Ltd in the capacity of Operational Creditor (OC) against Bharat Sanchar Nigam Limited under the provisions of Section 9 of t....

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....sed as the Interim Resolution Professional (IRP). Part-IV of the Petition details about the transactions giving rise to the operational debt as well as the default in relation to the said debt and the amount in default is claimed to be a sum of Rs.,21,02,449/- and that the said amount remains outstanding as from the issuance of the demand notice according to the petitioner from 17.1.2019. Cl....

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....is also contended that in relation to Videocon Telecommunication (P) Limited (VTL) (being a group Company of OC), a sum of Rs. 6,07,18,389/- is due and payable to the CD and for the aforesaid reason also for non-payment of Rs. 14,27,522/- is attributed even though processed and passed. In the circumstances, it is claimed that there is no default under Section 5(20) of the IBC, 2016 on the part of ....

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....ve remitted a sum of Rs. 13,23,953/- vide RTG clearing on 08.8.2019. When this Tribunal confronted, Ld. Counsel for the Petitioner of the Order dated 22.7.2019 and as to how the Petitioner, when the Petition is pending before this Tribunal, the Petitioner has accepted the payment in relation to the claim, to which, Ld. Counsel for the petitioner seeks to explain that even after the payment has bee....