2022 (5) TMI 917

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....d under Section 9 of Insolvency & Bankruptcy Code, 2016, R/w. Rule 6of Insolvency & Bankruptcy (Application to the Adjudicating Authority) Rules, 2016, seeking admission of the Petition, commencement of Corporate Insolvency Resolution Process, granting moratorium and appointment of Interim Resolution Professional as prescribed under the Code and Rules thereon. 2. AVERMENTS; 2.1 It is averred that the Corporate Debtor is in the business of running a television channel and/or electronic media activities. The corporate debtor approached the operational creditor and requested for the building consisting of 3 floors and a cellar on lease. Thereafter entered into Lease Agreement dated 29.05.2013. The agreement was filed along with app....

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....uly served on the Corporate Debtor. Postal receipt and postal tracking report are filed as Annexure 13, 14, 15. 2.7 It is further affirmed that even after the expiry of the statutory period of 10 days, the Corporate Debtor failed to repay the amount and with regard to the claimed debt amount no dispute was put-forth by the Corporate Debtor. 3. FINDINGS: 3.1 It is noted that the Corporate Debtor has taken the building for lease and had defaulted in paying the rents as per the agreement entered between them. 3.2 It is noted that a demand notice was issued to the Corporate Debtor and the same was delivered to the registered office of Corporate Debtor and Corporate Debtor has come up for clearing dues and underwent....

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....Debtor in respect of its property including any action under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002); the recovery of any property by an owner or lessor where such property is occupied by or in possession of the corporate Debtor; (b) That the supply of essential goods or services to the Corporate Debtor, if continuing, shall not be terminated or suspended or interrupted during moratorium period. (c) That the provisions of sub-section (1) of Section 14 shall not apply to such transactions as may be notified by the Central Government in consultation with any financial sector regulator. (d) That the order of moratorium shall have effect from th....