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2020 (2) TMI 637 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - pre-existing debt and dispute or not - HELD THAT:- After a reading of section 7 of the Code along with Rule 4(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, we are satisfied that a default has occurred and the application under sub-section 2 of Section 7 is complete. The IRP proposed does not have any disciplinary proceedings pending against him - this petition is admitted and Mr. Amit Agarwal is appointed as an Interim Resolution Professional. Application admitted - moratorium declared.
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