amount of Rs.5,39,500 along with an interest amount of Rs.15,56,991 as the alleged operational debt, total amounting to Rs.20,96,491 for the period from 22.06.2012 to 24.01.2020. Further, the present application was served upon respondent no. 18 vide email dated 15.07.2020. But due to the pandemic of coronavirus from March 2020, the respondent could not file his reply earlier. It has been submitted by the respondent that Mr. Kiran Joshi, a sales associate representing respondent no. 18, was approached by the corporate debtor for the requirement of medium voltage capacitor panels, and thereby respondent no. 18 issued a quotation dated 19.10.2011 to the corporate debtor for an amount of Rs.3,16,592/-. After various discussions and email correspondence between both parties, a purchase order was placed by the corporate debtor bearing number 4700000664 dated 22.05.2012 for an amount of Rs.24,73,223.38/- for the purchase of 200 KVER @ 11 KV HT Capacitor panel and 1800 KVER @ 11 KV HT Capacitor Panel. Respondent no. 18 raised a proforma invoice dated 14.07.2012 bearing No. 28 for an amount of Rs.24,73,223.38/- for which an advance payment of Rs.5,39,500/- was made by the corporate debtor, being 25% of the proforma invoice. As per the minutes of the meeting dated 09.09.2012 that was conducted at the factory of respondent no. 18, and the successful inspection of 200 KVAR HT @ 11 KV Capacitor Panel, it was cleared for dispatch. on 11.09.2012, another performer invoice bearing number 48 was raised by respondent number 18 upon the corporate debtor for an amount of Rs.2,76,343/and mentioned that an amount of Rs. 1,67,344/- is due and payable against delivery of 200 KVAR HT @ 11 KV Capacitor Panel. The corporate debtor did not make the understanding payment which forced respondent number 18 to seize the manufacturing work of 1800 KVAR HT @ 11 KV APFC Capacitor Panel. It has
