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2019 (10) TMI 1517 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - Financial Creditors - existence of debt and dispute or not - HELD THAT:- The Financial Creditor has been able to make out a good case for initiation of CIRP against the Corporate Debtor. The financial creditor succeeds in proving that there is outstanding loan and default on the part of corporate debtor. The application is complete meeting all the requirement to be meted out u/s 7(5) (a) of the Code. The application filed by the Financial Creditor under Section 7 of the Insolvency & Bankruptcy Code, 2016 for initiating Corporate Insolvency Resolution Process against the Corporate Debtor, M/s Aeon Manufacturing Pvt. Ltd., is hereby admitted - Moratorium declared.
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