2021 (12) TMI 1111

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....) against the Corporate Debtor M/s. GRG Infrastructure Private Limited. The amount of claimed debt in default is Rs. 2,46,359/- (Rupees Two Lakh Forty-Six Thousand Three Hundred Fifty-Nine Paise Only) including interest. 2. The facts, in brief, are that the Operational Creditor is a Private Limited Company having CIN: U27100GJ2010PTC060287 registered under the Companies Act, 1956 as M/s. Sachi Steel Solutions Pvt. Ltd. 3. It is submitted by the Operational Creditor that the Corporate Debtor had issued a purchase order to the Operational Creditor on 16.07.2019 for the supply of Hard Drawn Ribwire of 5 & 6 MM. The operational creditor had supplied the materials to the Corporate Debtor and the Operational Creditor has raised invoice bearing ....

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....notice of the Operational Creditor, however paid the amount of Rs. 2,00,000/- out of total due amount. It is further noted that even after sufficient opportunity. The Corporate Debtor chose not to appear and contest this application. Hence, we are of the considered view that the debt amount is admitted and remains to be paid fully as per invoice dated 16/07/2019. There is no pre-existing dispute for the due amount. The present application is filed well within the limitation period and meets the threshold limit as prescribed under section 41 of IBC. Accordingly, we allow the present application with the following direction. ORDER I. The application is admitted and the moratorium is declared for prohibiting all of the following in terms o....

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....lution Professional(IRP). III. The IRP shall perform all his functions as contemplated, inter-alia, by Sections 17, 18, 20 & 21 of the Code. It is further made clear that all personnel connected with the Corporate Debtor, its Promoter, or any other person associated with management of the Corporate Debtor are under a legal obligation under Section 19 of the Code extend every assistance and co-operation to the Interim Resolution Professional. Where any personnel of the Corporate Debtor, its Promoter, or any other person required to assist or co-operate with IRP, do not assist or Co-operate. IRP is at liberty to make the appropriate application to this Adjudicating Authority with a prayer for passing an appropriate order. IV. This Adjudic....