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2018 (7) TMI 968 - AT - Insolvency and BankruptcyCorporate insolvency process - Repayment of Restructured Liability - Held that:- Admittedly, the ‘Corporate Debtor’ failed to pay instalments in terms of the schedule I annexed to the ‘agreement’. What is the reason for default of payment cannot be a ground to reject the application under Section 7, as the Adjudicating Authority is only supposed to see whether the application is complete or not and whether there is any ‘debt’ or ‘default’. We find no merit in this appeal.
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