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2019 (9) TMI 1386 - AT - Insolvency and BankruptcyMaintainability of application - Corporate Debtor failed to make repayment of its debt - mortgage of property - applicability of time limitation for mortgage - HELD THAT:- It is evident that even if a debt is disputed, if the amount is more than Rupees One Lakh, the application under Section 7 is maintainable. What is the exact amount of claim, that is only considered at the stage of the 'Corporate Insolvency Resolution Process', when the 'Interim Resolution Professional' after collating the claims, including the claim of the Respondent, may ascertain what amount is payable to the Respondent. While condoning the delay of 12 days in preferring the appeal, the appeal is hereby disposed of
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