2021 (9) TMI 1195

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....ode 2016 ("the Code') of the Respondent M/s. Al-Tabarak Frozen Foods Private Limited for the alleged default on the part of the Respondent in clearing the debt of Rs. 20,71,472.14/- (Rupees Twenty Lakh Seventy One Thousand Four Hundred and Seventy Two and Fourteen Paisa only), as alleged by the applicant, towards the services provided by the Applicant. The details of transactions leading to the filing of this application as averred by the Applicant are as follows: i. The applicant submits that in and round May 2018, the Corporate debtor had approached the operational creditor for purchasing plastic packaging materials, LD Bags, LD sheet, Printed sheets, shrink bags, red slips, strapping rolls, gauge shrink bag, HM sheets, Khara....

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....icant submits that a statutory Demand notice under section 8 of IBC, 2016 vide dated 13.02.2020 was delivered to the Respondent. It was further submitted by the applicant that no reply or payment of any dues has been received till date. vi. That the total amount of debt is Rs. 20,71,472.14/- (Rupees Twenty Lac Seventy One Thousand Four Hundred and Seventy Two and Fourteen paisa Only) being Rs. 16,16,229.44/- as principal amount and Rs. 4,55,242.70/- as interest amount till 16.01.2020. 2. Consequent to the notice issued by this Tribunal, no one has appeared on behalf of the Respondent and as a result the Respondent was declared ex-parte on 02.08.2021. 3. The Respondent was absent even on the hearing on 04.12.2020 and we heard ....