2021 (4) TMI 300

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....t herein. The Registered Office of the respondent is situated at H. No. 40/804/1, 1st Floor, Behind Lal Ganga Shopping Mall, Near Modern X - Ray, G.E. Road, Raipur, Chhattisgarh - 492 001. Hence, this Adjudicating Authority has jurisdiction to hear this application. 2. This application was filed on 03.02.2020. At that point of time, this Adjudicating Authority had jurisdiction to hear applications filed for the amount due and payable above one lakh. 3. These invoices relate to the period from 11.02.2019, 02.03.2019, 16.03.2019, 20.03.2019, 28.03.2019, 06.04.2019, 22.04.2019   and 16.05.2019. Hence, this application is well within the period of limitation. 4. The applicant states that he has been regularly supplying goods to the....

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....l debt of Rs. 15,77,852/-(Rs. Fifteen Lakh Seventy-Seven Thousand Eight Hundred and Fifty-Two) only is due and payable to the applicant herein. The respondent further states that the amount of liability is around Rs. fifteen lakhs towards the principal amount and the same is due and payable towards various invoices raised by the Operational Creditor. There is no default in payment of the amounts mentioned in the invoices. Since, the applicant has always agreed for more time to settle the amount and the respondent also settled various Bills during the extended time. Therefore, there is no default in making payment. The learned Counsel for the respondent also states that the Corporate Debtor herein was met with an unexpected fire accident in ....

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.... Insolvency & Bankruptcy Code, 2016. The IRP shall cause a public announcement of the initiation of Corporate Insolvency Resolution Process and call for the submission of claims under Section 15. The public announcement referred to in clause (b) of sub-Section (1) of Insolvency & Bankruptcy Code, 2016 shall be made immediately. (iii) Moratorium under Section 14 of the Insolvency & Bankruptcy Code, 2016 prohibits the following: - a) 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; b) Transferring, encumbering, alienating or disposing of by the Corporate Debtor any....

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....Professional upon receipt of the copy of this Order. (ix) Mr. Saradindu Jena residence of O.U. No. - 510, 5th Floor, Esplanade One, 721, Rasulgarh, Bhubaneswar - 751 010, Odisha, having Registration No.: IBBI/IPA-002/IP-N00520/2017-2018/11622 and E-mail Id.: [email protected] is appointed as  Interim  Resolution  Professional  registered  with  the  ICSI Insolvency Professionals Agency for ascertaining the particulars of Creditors and convening a meeting of Committee of Creditors for evolving a Resolution Plan. (x) We direct the Operational Creditor to deposit a sum of Rs. One Lakh with Interim Resolution Professional to meet out the expenses to perform the functions assigned to him in accordance w....