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2019 (9) TMI 1325 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - existence of debt and dispute or not - HELD THAT:- Upon perusal of the ledger account of the CD in the books of account of OC, it can be seen that out of the total debt of ₹ 19,45,226/- the CD has made a payment of ₹ 1,90,000/- by means of NEFT and a balance of ₹ 15,48,206/- is still left to be paid on behalf of the CD - The Operational Creditor duly supplied the goods to the CD to its satisfaction and no dispute was raised by the CD at any point of time during the said supply. The Application/Petition stands admitted in terms of Section 9(5) of IBC, 2016 and the moratorium shall come into effect as of this date.
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