TaxTMI 
TaxTMI 
2020 (6) TMI 720
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....ode, 2016 (IBC)by Bee Athletic Private Limited(Operational Creditor)[CIN: U18101HR2016PTC058144],a company within the meaning of section 2(20) of the Companies Act, 2013 and represented by its Director, Navneet Singh, on the basis of a Board Resolution dated 11.12.2019seeking to initiate Corporate Insolvency Resolution Process (CIRP)against DSK Shivajians Football Club Private Limited(Corporate Debtor). 2. The Corporate Debtor is a private company limited by shares and incorporated on 21.12.2012 under the Companies Act, 1956,with the Registrar of Companies (ROC), Maharashtra, Pune. Its CIN is U92190PN2012NPL145795. Its registered office is at S.No. 326/2, Mumbai Bangalore Highway, Bawdhan, Pune 411021, in the State of Maharashtra.Therefo....
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....tained the total quantity of merchandise to be supplied by the Operational Creditor along with their types (para 4 at page 5 of the Petition); (d) The products so ordered by the Corporate Debtor were duly supplied by the Operational Creditor by courier on 03.10.2016, 076 and 10.01.2017 (para 5 at page 5 of the Petition); (e) The products were duly accepted by the Corporate Debtor without raising any dispute in respect of the quantity or quality of the products. No dispute was raised even subsequently till the date of filing of the present petition (para 6 at page 6 of the Petition); (f) The following invoices were raised on the Corporate Debtor: Sl No Date Invoice No. Amount (Rs.) 1. 03.10.2016 ....
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....9;G' at pp.116-199. The total debt due and payable to the Operational Creditor is Rs.19,01,193.00 (Rupees nineteen lakh one thousand one hundred and ninety-three only)as mentioned at page 108 of the Petition, plus interest thereon. 6. The Operational Creditor had served a Demand Notice in Form 3 dated 27.04.2018 to the Corporate Debtor (Exhibit 'F', pp.110115) in terms of section 8 of the IBC. The Corporate Debtor has not replied to the Demand Notice. Necessary affidavit of No Dispute in terms of section 9(3)(b) of the IBC has been annexed at page 14A. 7. The Corporate Debtor has neither entered appearance nor filed a reply to the Petition. 8. We have heard the arguments of the Learned Counsel for the Operational Credit....
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...., 2016 for initiating Corporate Insolvency Resolution Process (CIRP) against DSK Shivajians Football Club Private Limited [CIN:U92190PN2012NPL145795], 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 any secur....
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....(IRP) in the matter, this Adjudicating Authority hereby appoints Mr Arun Kumar Gupta,Registration No.IBBI/IPA-001/IP-P01594/20192020/12496, having address at E-505, Oberoi Splendor, Jogeshwari-Vikhroli Link Road, Jogeshwari (East), Mumbai 400060 [email: [email protected], Mobile: 8076150089] as the IRP. 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 secti....