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2020 (2) TMI 1073 - NATIONAL COMPANY LAW TRIBUNAL, CHENNAIMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - existing of pre-existing debt and dispute or not - HELD THAT:- The Operational Creditor has filed Affidavit by complying with Section 9 (3) (b) of the I&B Code, 2016, along with the typed set of document wherein under Paras 4 and 5, it has been deposed that the Operational Creditor has not received any payment or notice of dispute with regard to the unpaid operational debt. The Operational Creditor in compliance of Section 9 (3) (c) of the I&B Code, 2016, has also filed a Certificate issued by Kotak Bank, to the effect that they have not received any payment by way of cheque from the Corporate Debtor for the period 04.06.2019 to 05.07.2019. The Application as has been filed by the Operational Creditor is admitted and consequently Corporate Insolvency Resolution Process is initiated - application admitted - moratorium to come into force.
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