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2019 (9) TMI 227 - NATIONAL COMPANY LAW TRIBUNAL, CHENNAI BENCHMaintainability of application - Initiation of Corporate Insolvency Resolution Process - corporate debtor defaulted in repayment of sum - existence of debt and default or not - HELD THAT:- This Corporate Debtor has not placed any material disputing the claim raised by the Operational Creditor herein, therefore, this Bench, having not noticed any material contrary to the petition averments, hereby holds that the Operational Creditor has proved existence of debt and default. Petition admitted - moratorium declared.
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