2019 (8) TMI 1740

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.... For the Financial Creditor : Shri. B. Deepak Narayanan, Advocate For the Corporate Debtor : Shri. P. Prithvi Chopda, Advocate, Shri. S. Rajiv Gandhi, Advocate ORDER Per: B. S.V. PRAKASH KUMAR, MEMBER (JUDICIAL) Heard and dictated in open court on 05.08.2019 It is a Company Petition filed by the Financial Creditor namely Dr. T. Palaniappan u/s 7 of IBC (the Code) for initiating I....

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....yment by the Financial Creditor, issued Cheque bearing number 248612 of ICCI Bank Ltd dated 20.11.2018, when it was tendered for encashment, it was dishonoured on the ground "Funds Insufficient". 3. As the Corporate Debtor has failed to repay the money the Financial Creditor advanced, the petitioner has filed this Company Petition before this Bench on 24.12.2018, ever since, the Corporate Debto....

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....ction to the IRP to compute this claim by deducting the payments made by the Corporate Debtor during the pendency of this Company Petition. The Petitioner shall pay the remuneration of the IRP as well as initial costs to the IRP until constitution of the Committee of Creditors, Accordingly this petition is admitted with the direction as follows:- I. That Moratorium is hereby declared proh....

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....upied by or in the possession of the corporate debtor. II. That Supply of essential goods or services to the Corporate Debtor, if continuing, shall not be terminated or suspended or interrupted during moratorium period. III. That the provisions of sub-section (1) of Section 14 of IBC shall not apply to such transactions as may be notified by the Central Government in consultation....