SHIV POOJA TRADERS Vs. JAMMU PAPER PVT LTD

JUDGEMENT

(1.) Mr.Nonu Khera, Advocate for the petitioner. This petition is filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 by the Operational Creditor. The registered office of the Corporate Debtor is in Jammu, which falls within the territorial jurisdiction of this Tribunal. The learned counsel for the petitioner, inter-alia, contends that the provisions of the IB Code except Part III thereof extends to whole of India. It is further contended that the petitioner is a proprietorship concern with Mr. Pawan Choudhary as the sole proprietor.

(2.) Learned counsel further submits that the name of the Interim Resolution Professional has not been proposed. The learned counsel further submits that part payment towards the outstanding amount to the tune of f 10 lacs was made by the Corporate Debtor on 24.09.2014, as per the books of account relied upon by the petitioner. The learned counsel also submits that before filing this petition, a Demand Notice was sent in Form No.4 of the Insolvency & Bankruptcy (Application to the Adjudicating Authority) Rules, 2016 along with all the invoices and there is delivery report in token of the respondent having received the notice. The learned counsel further submits that the copy of the petitioner along with the entire paper book was despatched at the registered office of the respondent company vide postal receipt dated 15.05.2017.

(3.) Having heard the learned counsel for the petitioner, following defects are noticed:-