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2019 (7) TMI 1302 - Tri - Insolvency and BankruptcyAdmissibility of petition - initiation of Corporate Insolvency Resolution Process - Corporate Debtor - Section 7 of the Insolvency and Bankruptcy Code, 2016 - default in repayment of amount - HELD THAT:- It is evident that the default has occurred, which meets the requirement of Section 3(11) and (12) of the I & Code to trigger the CIRP in respect of the Corporate Debtor company - it is established that there is default of debts which comes to Rs.l47,04,98,496.01ps. Hence, the present application can be considered for its Admission. Petition admitted - moratorium declared.
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