2021 (2) TMI 86

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....ial) For the Operational Creditor : Ms Pallavi Maheshwari, Advocate For the Corporate Debtor : Mr Chandrakant M. More, Director present in person. ORDER This is a Company Petition filed under section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Pankaj Modani (Operational Creditor), an individual, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Big V....

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....hich is stated to be the date of default. 4. The case of the Operational Creditor is The Operational Creditor raised invoices on the Corporate Debtor towards professional fees for providing professional compliance services for the month of October, 2018. The Corporate Debtor was granted a credit period of one month  after raising the invoice on 05.10.2018. 5. Bank statements are attache....

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.... the records, we observe the following: - (a) There is no record of any contractual arrangement between the Operational Creditor and the Corporate Debtor. (b) Copy of the invoice has not been attached. What has been attached at p.49 is only a calculation sheet mentioning the principal amount of the invoice, the interest calculation. There is no record of the invoice having been s....