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2018 (10) TMI 1747 - Tri - Insolvency and BankruptcyMaintainability of petition - initiation of CIRP - Corporate Debtor has defaulted in making repayment of debt - existence of debt - HELD THAT:- For the Petitioner having proved the existence of debt as well as existence of default, this Petition is hereby admitted against this Corporate Debtor. The Corporate Debtor having named the Interim Resolution Professional with his consent, there being no disciplinary proceedings against the same, this Bench hereby admits this petition filed under Section 7 of IBC, 2016, declaring moratorium with consequential directions - petition admitted - moratorium declared.
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