TaxTMI 
TaxTMI 
2021 (4) TMI 222
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....ion to Adjudicating Authority) Rules, 2016 [hereinafter referred to as "the Rules"], as operational creditor/applicant. 2. The applicant/operational creditor is a partnership firm having PAN AAJFD5029R and having its place of business at Sola, Ahmedabad is engaged in the business of UPVC windows, casement door, casement window etc. 3. The respondent/corporate debtor is a private limited company registered under the provisions Companies Act, 1956 on 12.01.2015 and having identification No. U74140GJ2015PTC081843 and having registered office at Ahmedabad, Gujarat State. Authorised share capital of the respondent company is Rs. 1,00,000/- and paid up share capital is Rs. 1,00,000/-. 4. The applicant/operational creditor has....
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....tor, the applicant was compelled to issue demand notice dated 22.09.2018 (page 38 -42) in form 3 under Section 8 of the Insolvency & Bankruptcy Code calling upon the respondent to clear collective outstanding debt of Rs. 5,16,648.64 (Rupees five lacs sixteen thousand six hundred forty-eight and sixty-four only). 7. The applicant has further stated that the corporate debtor made payment of Rs. 10,000/- on 27th November, 2018 by directly depositing the cheque into the account of the operational creditor. 8. The applicant has further stated that on 12th April, 2019 the applicant again issued a demand notice demanding payment of outstanding invoice along with interest @ 12% per annum which amounts to Rs. 7,55,257.31. 9. In ....
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....f attorney is created by persons who cannot do certain transactions due to their physical unavailability. They may not be present within the country, or due to their old age they could not perform certain functions or they would have certain reasons which would render them impossible to perform certain duties. 13. In Kasthuri Radhakrishnan and ors V. M. Chinnaiyan the Hon'ble Supreme Court has stated that the law relating to the power of attorney must be governed by the provisions of the Power of Attorney Act, 1882. Types of Power of Attorney: * General Power of Attorney: When a donor gives his complete right or power to act lawfully with respect to his property is called general power of attorney. * ....