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2019 (8) TMI 1458 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - existence of debt or not - HELD THAT:- The provisions of Section 7 (2) and Section 7 (5) of IBC have been complied as discussed in ECL FINANCE LIMITED VERSUS DIGAMBER BUILDCON PVT LTD [2018 (11) TMI 1741 - NATIONAL COMPANY LAW TRIBUNAL, NEW DELHI.]. A default has occurred and the application under sub section 2 of Section 7 is complete. The name of the IRP has been proposed and there are no disciplinary proceedings pending against the proposed Interim Resolution Professional - petition admitted - moratorium declared.
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