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2018 (6) TMI 1703 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - existence of debt and dispute or not - HELD THAT:- The Operational Creditor has filed rejoinder dated 8th November, 2017 to the statement of objections filed by the corporate debtor and vehemently refuted the false allegations made against the Applicant and also produced e-mails wherein the Corporate Debtor admitted its liability to pay the outstanding amount and sought for extension of time for the payment of the same. The Operational Creditor further stated that despite reasonable time granted by the Applicant, the corporate Debtor failed to clear the dues. Petition is admitted - moratorium declared.
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