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2019 (9) TMI 1288 - NATIONAL COMPANY LAW TRIBUNAL, KOLKATAMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment - existence of debt and dispute or not - HELD THAT:- The Operational Creditor has fulfilled all the requirements of Section 9 - the Operational Creditor has been able to successfully make out its case for initiating CIRP process against the Corporate Debtor, as while admitting and acknowledging the debt owed by it to the Operational Creditor it has shown its helplessness to pay the amount and clear its liability towards the Operational Creditor. Application admitted - moratorium declared.
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