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2018 (12) TMI 1438 - AT - Insolvency and BankruptcyCorporate insolvency process - default in payment of dues - Held that:- The Adjudicating Authority noticed that there is a debt payable in the law and in the fact to the ‘Financial Creditor’ and being satisfied that the default has occurred, admitted the application being complete. Thus it is found that there is a debt due to the ‘Financial Creditor’ and the ‘Corporate Debtor’ has defaulted in paying the dues. This is also evident from the satisfaction recorded by the Adjudicating Authority while discussing the case of the Appellant
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