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2019 (7) TMI 1248 - Tri - Insolvency and BankruptcyAdmissibility of petition - initiation of Corporate Insolvency Resolution Process - Corporate Debtor - default in repayment - Section 9 (2) and Section 9 (5) of IBC, 2016 - HELD THAT:- The present application in prescribed form is complete and the Applicant is entitled to claim its dues, which remain uncontroverted by the Corporate Debtor, establishing the default in payment of the operational debt beyond doubt. Form No. 2 of the proposed Interim Resolution Professional (IRP) has been filed vide diary No. 6581 dated 12.09.2018 and stipulated that no disciplinary proceedings are pending against with the board or the Insolvency Professional Agency - the present application is admitted, in terms of section 9 (5) (i)of IBC, 2016. Application admitted - moratorium declared.
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