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2017 (6) TMI 1302 - NATIONAL COMPANY LAW TRIBUNAL, CHENNAIMaintainability of petition - Initiation of CIRP - reference of dispute relating to the unpaid operational debt - section 9 (3)(b)(c) of I&B Code, 2016 - filing of application by a duly authorised person - authorized directors or not - HELD THAT:- Having been satisfied that all the requirements under law have been fulfilled by the operational creditor for pressing section 9 of I&B Code, 2016, we hereby allow the application and order the commencement of the corporate insolvency resolution process which ordinarily shall get completed within 180 days, reckoning from the day this order is passed. Petition admitted - moratorium declared.
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