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2021 (9) TMI 1443 - Tri - Insolvency and BankruptcyMaintainability of petition - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Personal Guarantor of the Corporate Debtor - demand notices were sent but the dues were not cleared - HELD THAT:- The Petitioners have has complied with Section 95(4) of IBC, that the demand notices dated 14.02.2020 have been sent to the Respondents/Personal Guarantors and that the Respondents/Personal Guarantors failed to make the payment, it is concluded that there is a default on the part of the Respondents/Personal Guarantors by not fulfilling the debts owed to the Corporate Debtor as per the clauses contained in the Consent Terms in respect of the outstanding financial debt which is apparent from the documents placed on record. Petition admitted - moratorium declared.
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