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2019 (12) TMI 1361 - 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:- It is true that assets of Company are to be made available for payment or discharge of its liabilities and obligation even after the date of the order removing the name of the Company from the Registrar Companies. However, it is settled position of law that provisions of Code cannot be invoked for recovery of outstanding amounts. It is settled position of law that the provisions of Code cannot be invoked for recovery of outstanding alleged amount. This is not a fit case for admission and it is liable to be rejected - petition rejected.
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