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2019 (3) TMI 1779 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - existence of debt and default or not - HELD THAT:- The Operational Creditor furnished all material documents proving existence of debt. Further, the Corporate Debtor has not pointed out any instances of dispute as they are mandated to do as per Section 8(2) of the I&BC, 2016 and has not filed any written statement except for one occasion where the counsel for the Corporate Debtor appeared before this Bench on 27.02.2019 and sought for an adjournment, as instructed by her senior counsel, expressing her inability to argue the matter. Hence, this Bench hereby hold that this Application is fit for admission for initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. Petition admitted - moratorium declared.
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