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2019 (8) TMI 1475 - 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:- The applicant has filed an affidavit under Section 9 (3) (b) stating that no notice of dispute from the Respondent is received - The applicant has stated that total debt due and payable is Rs. ₹ 1,14,69,600/- - The applicant has attached the copy of Bank statements issued by Axis Bank for relevant period in compliance with the requirement of Section 9(3)(c) of the IBC 2016 - The registered office of respondent is situated in New Delhi and therefore this Tribunal has jurisdiction to entertain and try this application. The present application is complete and the Applicant is entitled to claim its dues, establishing the default in payment of the operational debt beyond doubt which has been admitted by the Corporate Debtor while making submission before the Tribunal - The requirements of Section 9(5) of the Code are complied, hence, the present application is admitted - Moratorium declared.
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