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2019 (5) TMI 519 - Tri - Insolvency and BankruptcyInitiation of Corporate Insolvency Resolution Process - default in repayment of loan - Corporate Debtor - HELD THAT:- It is seen that no record or factual material or any document/letters evidencing the existence of a dispute could be found, as claimed by the CD. The statements which have been made in the counter and additional counter appear to be without any basis as the CD has not chosen to file any documentary evidence rebutting the statement of accounts submitted by the FC. On perusal of the process file, it is also seen that when this matter came up for hearing on 01.02.2019, 06.02.2019, 13.02.2019 and 22.02.2019, the CD has stated that they are exploring the possibility of a settlement and that settlement talks are in progress. Since no settlement was forthcoming between the parties, this Tribunal reserved its Orders on 27.02.2019. Petition is admitted.
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