2022 (10) TMI 146

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....harashtra, Mumbai. Its Corporate Identity Number (CIN) is U64100MH1988PLC047228. Its registered office is at G-1001/02, Lotus Corporate Park, Off Jaycoach Flyover, Western Express Highway, Goregaon (East), Mumbai-400063. BRIEF FACTS OF THE CASE 3. The Application is filed by Mr. Bhupendra Dadhich, authorized by the Operational Creditor vide Board Resolution dated 24.05.2021. 4. The Operational Creditor is engaged in the business of printing and service activities related to printing and Corporate Debtor is in the business of Printing Services. 5. The Operational Creditor/Petitioner submits that from 20.06.2018 to 13.03.2019 they supplied printed items i.e. Courier Slips, PP Woven Fabric Sack upon the Corporate Debtor in respect of which invoice raised by the Operational Creditor upon the Corporate Debtor amounting to Rs.1,44,07,837/-. The Corporate Debtor used the services/items extended and supplied by the Operational Creditor but failed to clear the dues. 6. For this purpose, the Operational Creditor has raised invoices in name of the Corporate Debtor as listed below which are annexed to the Petition. 7. The Operational Creditor/Petitioner issued Demand Notice u....

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....he period of limitation i.e. 3 years as prescribed u/s 18 of Limitation Act, 1963. 13. The application is complete and has been filed under the proper form. The debt amount is more than Rupees One Crore and default of the Corporate Debtor has been established and the application deserves to be admitted. 14. The Operational Creditor/Petitioner has filed an Interlocutory Application having No. 2145/2022 for placing the consent of IRP in FORM-2 on record. On 11.08.2022, the I.A. was heard by this Bench and the same was disposed of. 15. Under these circumstances, this Tribunal is of the considered view that the above company petition is liable to be admitted by passing the following order ORDER 16. The Petition bearing CP(IB) 738/MB-IV/2021 filed by Srinidhi Comprint Private Limited ("the Operational Creditor"), under section 9 of the IBC read with rule 4(1) of the Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016 for initiating Corporate Insolvency Resolution Process (CIRP) against First Flight Couriers Limited ("the Corporate Debtor"), is admitted. a) There shall be a moratorium under section 14 of the IBC, in regard to the following:....

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....management of the Corporate Debtor shall vest in the IRP or, as the case may be, the RP in terms of section 17 of the IBC. The officers and managers of the Corporate Debtor shall provide all documents in their possession and furnish every information in their knowledge to the IRP within a period of one week from the date of receipt of this Order, in default of which coercive steps will follow. g) The Operational Creditor shall deposit a sum of Rs.5,00,000/- (Rupees five lakh only) with the IRP to meet the expenses arising out of issuing public notice and inviting claims. These expenses are subject to approval by the Committee of Creditors (CoC). h) The Registry is directed to communicate this Order to the Operational Creditor, the Corporate Debtor and the IRP by Speed Post and email immediately, and in any case, not later than two days from the date of this Order. i) A copy of this Order be sent to the Registrar of Companies, Maharashtra, Mumbai, for updating the Master Data of the Corporate Debtor. The said Registrar of Companies shall send a compliance report in this regard to the Registry of this Court within seven days from the date of receipt of a co....

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....urba Road This is a Computer Generated Invoice for Srinidhi Comprint Pvt. Ltd. fas Be Authorised Signatory TD. Document 2 44 Consignee GST SALES INVOICE Srinidhi Comprint Pvt. Ltd. Plot No. 11. Bommasandra 4th Phase. Bommasandra Industriala Area, Anekal Taluk , Bangalore GSTIN/UIN: 29AAICS8470M1ZH Karnataka, Code State Name (TRIPLICATE FOR SUPPLIER Invoice No. GST/18-19/0219 Delivery Note -Way Bill No. Dated 29 Supplier's Ref CIN: U22200MH2004PTC146562 E-Mail: [email protected] First Flight Couriers Ltd (UP) 4144415, 2nd Floor, Sahara Trade Centre, Indira Nagar , Faizabad Rd, Lucknow 226 016 . OSTIN/UIN State Name 09AAACF0841R2ZA Uttar Pradesh, Code: 09 First Flight Couriers Ltd (UP) Buyer (if other than consignee) E 41 , Phase 2, Transport Nagar Lucknow 226 008 GSTIN /UIN State Name 09AAACF0841R2ZA Uttar Pradesh, Code: 09 GST/18-19/0219 Buyer's Order No. Despatch Document No Despatched through ROAD TRANSPORT Bill of Lading/LR-RR No. dt . 20-Jun-2018 Terms of Delivery 20-Jun-2018 Mod....

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.... ROAD BENGALURU KARNATAKA 080-61606161 ° Currency INR [email protected] 6309310 00092320004420 Preferred Customer 06/04/2004 HDFC0000009 Regular MICR 560240002 Product Code 232 Email 0000910143800063 14/10/19 PUNBR52019101419665752 14/10/19 0000910144674332 14/10/19 MIR 1928624355957 14/10/19 FDRLH19287950742 14/10/19 1,000,000.00 96,189 48 500,000 00 596,189 48 200 000 00 118.00 396.18948 396,071 48 18.276 00 414,347 48 0000000000470305 15/10/19 0000000000000890 15/10/19 N288190954476579 15/10/19 33,099 00 447,446 48 100,000.00 67,865.00 347,446 48 15/10/19 50200006272148-SRINIWAS INDUSTRIES 15/10/19 RHDF8098638744/BILLDKBESCOM 15/10/19 RHDF8098672001/BILLDKBESCOM 16/10/19 NEFT CR-SIBL.0000485-TRACKON COURIERS PRI N288190954476590 15/10/19 0000910156042539 15/10/19 0000192880394075 15/10/19 0000192880397997 15/10/19 SIBLN19289248153 16/10/19 4,500.00 200,000.00 38.280.00 279 581 48 275,081 48 75,081.48 36,801 48 562.00 36,239 48 66,198 00 102,437 48 VATE LTD-SRINIDHICOMPRINTPVTL TD-SIBLN192 89....