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2020 (12) TMI 1052 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - existence of debt and dispute or not - HELD THAT:- The Operational Creditor has produced the relevant Invoices, Statement of Account, passbook entries for the period of 30.09.2019 to 26.07.2019. All about evidence proved two facts (i) the debt of ₹ 1,25,000/- is due and payable by the Corporate Debtor to the Operational Creditor and (ii) Corporate Debtor has committed default in paying the same. The Application filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 is defect free - Application admitted - moratorium declared.
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