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2019 (11) TMI 446 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor has defaulted in paying an amount - existence of debt and default or not - Section 9 of I&B Code - HELD THAT:- This Bench is of the view that the Operational Creditor has proved existence of debt and default, therefore, we hereby admit this company application looking at the consent given by Mr. P. Sriram with a direction to the Operational Creditor to pay remuneration to the IRP and his expenses until the constitution of CoC. Application admitted - moratorium declared.
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