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2019 (3) TMI 1775 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to liquidate its financial debt - existence of debt and dispute or not - HELD THAT:- On putting in appearance before this Bench through their advocate Mr. Abhishek Mishra, the Corporate Debtor has admitted its liability, but expressed its inability to pay because of financial constraints - also, The outstanding unpaid debt has been evidenced through their Ledger Accounts duly corroborated by the Bank Statements. Given the facts and circumstances that the Corporate Debtor admits its default and inability to repay the Petitioner's prayer merits consideration - petition admitted - moratorium declared.
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