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2017 (4) TMI 1312 - Tri - Companies LawCorporate insolvency process - existence of debt - Held that:- From the material placed on record, this Adjudicating Authority is satisfied that a default has been committed by the Corporate Debtor in repayment of the loan amount. The Application is complete. There is a declaration by the proposed Insolvency Resolution Professional that no disciplinary proceedings are pending against him. This Adjudicating Authority is admitting the Petition under Section 7(5)(a) of the Code. This Adjudicating Authority is also appointing the Chartered Accountant, Mr. Ritu Rastogi, residing at D-2/71 , 2nd Floor, Janak Puri, Delhi-110058 having Regn. No. IPA- 01 / 2016-17/1P-00151 as "Interim Resolution Professional" under Section 13(I)(b) of the Code. Section 13 of the Code says that after admission of the application under Section 7, the Adjudicating Authority shall pass an order declaring a moratorium for the purposes referred to in Section 14
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