2019 (11) TMI 1639

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....hnical) For the Petitioner : Mr. Ashok M. Bhatia, Advocate. For the Corporate Debtor : None present. ORDER Per: Suchitra Kanuparthi, Member (J) 1. This company Petition is filed by Risa International Limited (hereinafter called "Petitioner") seeking to set in motion the Corporate Insolvency Resolution Process (CIRP) against Shirin Exports Private Limited (hereinafter called "Corporate Debtor"....

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....nt and a sum of Rs. 8,98,227/- is due but the Corporate Debtor failed to clear the said outstanding dues. On 01.04.2017 the Corporate Debtor acknowledged outstanding balance in Petitioner's ledger account. 4. On 10.12.2018 the Petitioner issued Demand Notice demanding a sum of Rs. 21,26,160/- including interest @24% p.a. under Section 8 of the Code. The Demand Notice was returned with the remark ....

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....e at N. S. Phadke Marg, Gundavali, Mumbai - 400 069; having Registration No. IBBI/IPA-001/IP-P01232/2018-19/11928 has given his consent in Form No. 2 to act as an Interim Resolution Professional. 7. This Bench having been satisfied with the application filed by the Operational Creditor which is in compliance of provisions of Section 8 & 9 of the Insolvency & Bankruptcy Code admits this applicatio....

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....rporate Debtor. (b) that the supply of essential goods or services to the Corporate Debtor, if continuing, shall not be terminated or suspended or interrupted during moratorium period. (c) that the provisions of sub-section (1) of Section 14 shall not apply to such transactions as may be notified by the Central Government in consultation with any financial sector regulator. (d) that the orde....