2019 (3) TMI 1904

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....vocate For the Respondents (s): Mr. Aditya Gupta, Advocate ORDER SMT. INA MALHOTRA, J. The petitioner, as an Operational Creditor, has prayed for initiation of Corporate Insolvency Process of the Respondent company/Corporate Debtor. As per the averments, the Operational Creditor is engaged in the business of Gold Jewellery and had supplied the same to the Corporate Debtor on mutually a....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....idavit that no notice of dispute has been raised. Compliance of the provision of Section 9(3)(c) is also on record. 3. In the reply filed on behalf of the Corporate Debtor, the Operational Debt is not disputed. Mr. Aditya Gupta, Advocate who appeared on their behalf admitted the outstanding liability but expressed financial difficulties in extinguishing the claim. 4. The Corporate Debtor has....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....including any action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002; (d) the recovery of any property by an owner or lessor where such property is occupied by or in the possession of the corporate debtor. Further:- (2) The supply of essential goods or services to the corporate debtor as may be specified shall not ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Operational Creditor has not proposed the name of Insolvency Resolution Professional. 6. Accordingly, Ms. Shalu Khanna Registration No. IBBI/IPA001/IP-P00917/2017-18/11523 Email ID: [email protected] is appointed as the IRP from the panel of eligible Resolution Professionals as submitted by IBBI. She is directed to take all steps as are statutorily required by her under the Code, specifically u....