2021 (12) TMI 527

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....the Rules') by Naseem Vohra (for brevity 'Applicant') with a prayer to initiate the Corporate Insolvency process against IIHT Systems Limited (for brevity 'Corporate Debtor'). 2. The Applicant is having its place of residence at B-3, Part-1, Gujranwlala Town, Delhi-110009. The Corporate Debtor is a limited company incorporated under the provisions of Companies Act, 1956 on 02.02.1993, having CIN U72100DL1993PLC051969, having its registered office at 84, Sunlight Colony No. 1, Jangpura, New Delhi-110014. 3. The Applicant has stated that the Corporate Debtor and the Applicant had entered into a Lease Agreement dated 01.11.2008 for the period of 33 months i.e. from 01.11.2008 to 31.07.2011 with rent of Rs. 77,000/- p.....

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....y of this application through email at the registered email address as reflected on the MCA website, which was duly delivered to the corporate debtor. The copy of the Application was also duly served through speed post at its registered address as reflected on the MCA website, which was duly delivered reflecting remark 'Item Delivery Confirmed'. 7. The Corporate Debtor has neither filed any reply nor appeared before the Bench. The Corporate Debtor was proceeded ex-parte on 03.03.2021. 8. As per Form V, Part IV, the Corporate Debtor is liable to pay an outstanding sum of Rs. 35,32,674/- for the period from 01.04.2015 to 31.12.2018. The date of default occurred on the last date of payment made by the Corporate Debtor on 21.07.20....

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....ns) Regulations, 2016 within a period of one week from the date of this order. 13. We direct the Operational Creditors to deposit a sum of Rs. 2 lacs with the Interim Resolution Professional, namely Mr. Parveen Kumar Jain to meet out the expense to perform the functions assigned to him in accordance with regulation 6 of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Person) Regulations, 2016. The needful shall be done within one week from the date of receipt of this order by the Operational Creditor. The amount however be subject to adjustment by the Committee of Creditors, as accounted for by Interim Resolution Professional, and shall be paid back to the Operational Creditor. 14. As a consequenc....