2020 (12) TMI 1253

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....Judicial) And Virendra Kumar Gupta, Member (Technical) Learned Counsel Mr. Jatin Sehgal for the Operational Creditor. Learned Counsel Ms. Himani Chauhan for the Corporate Debtor. ORDER [Per: Virendra Kumar Gupta, Member(T)] 1. This Application is filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 by the Operational Creditor Hira International Limited to initiate Corporate Insol....

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....were maintained and because of that it happened. Learned Counsel drawn our attention to Form-3 duly served on the Corporate Debtor. It was also brought to our notice that no dispute, had been raised and only plea which was taken by the Corporate Debtor was that they had discontinued this business and they could not pay the outstanding amount due to financial constraints. 3) Learned Counsel for th....

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....atched. Even, otherwise, the supply has been made in the month of July 2015, as stated earlier, and the application has been filed on July 18, 2019, hence, aspect of limitation is to be seen. 5) In this regard, reliance has been placed on payment of Rs. 2.00 lacs claimed to have been received from the Corporate Debtor on 24.11.2017. however, from perusal of the record Bank statement of the Operat....