Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2019 (9) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (9) TMI 1565 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Operational debt - Existence of debt and dispute or not - HELD THAT:- There was no representation from the Respondent, inspite of notices served on it and also paper publication. The respondent was set ex-parte on 18.07.2019, as the service of notice was held sufficient. There was no contest from the respondent with regard to the debt and to the interest claimed thereon. The debt claimed in the petition is an unpaid operational debt, as is clearly evident from the invoices and the notice under section 8 of the Code. The petition filed under Section 9(2) of the Code is complete in all respects. This Authority has thus no hesitation in admitting the petition. The Company Petition be and he same is admitted, ex parte - Moratorium declared.
|