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2021 (3) TMI 1246 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Personal Guarantor/Debtor failed to make repayment of its dues - existence of debt and dispute or not - HELD THAT:- The Applicant has clearly brought out in its application annexed with documents that the Personal guarantor/Debtor has committed default in making repayment of the loan along with the interest to the Applicant, for which he has given the personal guarantee to the Applicant on behalf of the Corporate Debtor. The application is admitted - moratorium declared.
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