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2019 (12) TMI 1392 - 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 applicant has attached the copy of Bank statements issued by M/s. Punjab National Bank, in compliance with the requirement of Section 9(3)(C) of the IBC 2016 - The registered office of respondent is situated in New Delhi and therefore this Tribunal has jurisdiction to entertain and try this application. On perusal of the record it is clear that the default has occurred on 25.07.2016 when the last invoice fell due. Hence, the claim is not time barred and the present application is well within the limitation period. The present application is complete and the Applicant is entitled to claim its dues, establishing the default in payment of the operational debt beyond doubt, more so when the debt has remained undisputed in spite of service of section 8 notice and the present application. Requirements under section 9(5) of the Code are fulfilled. Hence, the present application is admitted. Application admitted - moratorium declared.
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