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2019 (11) TMI 1426 - 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:- This Bench is of the view that the corporate debtor has defaulted in repaying outstanding debt of ₹ 76,64,72,470. The financial creditor counsel has filed proof of service for serving private notice through registered e-mail address of the respondent on October 3, 2019. Moreover, there was no representation on behalf of the corporate debtor side when the matter came up for hearing on September 25, 2019, October 9, 2019, October 15, 2019, October 18, 2019 and November 6, 2019 and they have not responded to the notice sent by the financial creditor and by this Tribunal. It appears that there is no defence on the part of the corporate debtor either to deny or dispute the total outstanding due. Application is admitted - moratorium declared.
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