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2019 (2) TMI 1702 - Tri - Insolvency and BankruptcyMaintainability of petition - Initiation of CIRP - Corporate Debtor failed to pay the total outstanding debt - Operational Debt - Existence of dispute or not? - HELD THAT:- The Respondent Debtor has filed a Civil Suit on 02.05.2019 but it has no correlation to the claim amount of the Petitioner as the same is totally different from the Rent amount. The Bench observed that the Petitioner has not claimed anything related to balance rent amount and hence, the dispute on rent will not apply to the payment of ‘Royalty’, which is demanded through the Demand Notice dated 22.02.2018 - it is clear that there is no existence of dispute vis-à-vis amount claimed as Royalty payment. This Bench being satisfied that the Respondent Debtor company defaulted in paying its debt to the Petitioner, hereby ‘Admit’ this Petition - Petition admitted - moratorium declared.
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