2019 (9) TMI 1565

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....r>Janab Mohammed Ajmal, J. For Petitioner/Operational Creditor: Mrs. J.V.L. Bharati, Advocate with Mrs. Padmasri Appanna, PCS For Respondent/Corporate Debtor: None. ORDER The Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 ('the Code' for short) to initiate Corporate Insolvency Resolution Process (CIRP) of the Respondent for its default in repaying an opera....

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.... Respondent made payments. The respondent made a part payment of Rs. 10,00,000 and an amount of Rs. 5,98,603 remained outstanding as on 25.09.2017. b) The Petitioner requested the Respondent time and again to make the outstanding payment and the last such request was made under email dated 28.06.2017. However, the Respondent failed to make the necessary payment. The petitioner on 29.10.20....

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.....2019, the Adjudicating Authority directed the Petitioner to issue notice to the Respondent afresh for its appearance on 02.07.2019. The Petitioner issued notice by Speed Post on 22.06.2019 and filed the tracking report showing that 'Item Delivered' on 25.06.2019. None appeared for the respondent on 02.07.2019. The Adjudicating Authority directed the Petitioner to make paper publication. According....

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....n all respects. This Authority has thus no hesitation in admitting the petition. Hence ordered. ORDER i. The Company Petition be and he same is admitted, ex parte. ii. The Corporate Insolvency Resolution Process of the respondent shall commence from this date and shall be completed within 180 days hence. iii. Shri Pradeep Kumar Sravanam, (Registration No. IBBI/IPA-003....