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2019 (9) TMI 181 - Tri - Insolvency and BankruptcyMaintainability of petition - Initiation of Corporate Insolvency Resolution Process (CIRP) - Corporate Debtor - default in making payment - Section 9 of Insolvency and Bankruptcy Code read with Rule 6 of Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016 - HELD THAT:- This Bench on going through the Petition and after hearing the submissions of the Counsel for the Petitioner came to the conclusion that there is debt and default. This Bench having been satisfied with the Petition filed by the Operational Creditor which is in compliance of provisions of section 9 of the Insolvency and Bankruptcy Code admits this Petition declaring moratorium - Petition admitted - moratorium declared.
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