2020 (1) TMI 1494

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....uments, Ld. Counsel for petitioner submitted that on the basis on invoices annexed from page No. 41 to 51 he claimed Rs. 20,87,082/- mentioned at page 4 column 1 and in the above mentioned invoices, petitioner received last payment/amount on 30.08.2018, thereafter no further amount was received from the Corporate Debtor. He further submitted that under Section 8 of IBC, 2016, he sent the demand no....

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....8 of the IBC, 2016 and there is default of payment which was due. Hence, we think it proper to admit this petition. It is seen that, there is default in payment & there is some operational debt of Rs. 20,87,082/- and no dispute has been raised by the Corporate Debtor. Since, the amount in default is more than Rs. 1,00,000/- is being the minimum threshold limit fixed under IBC, 2016. Under such ci....

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....ing 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 be terminated or suspen....