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2019 (9) TMI 931 - Tri - Insolvency and BankruptcyMaintainability of petition - initiation of CIRP - it was alleged that the corporate debtor has committed default in repayment of sum - HELD THAT:- It is established that there is default of debts which comes to ₹ 5,66,946/- including ₹ 3,50,000/- Principal amount and ₹ 2,16,946/- interest amount and which is in excess of ₹ 1,00,000/-. Hence, the present application is found complete as per the provisions of the I & B Code. The present IB Petition is found complete and deserves admission - petition admitted - moratorium declared.
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