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2021 (4) TMI 300 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Operational Debt - existence of debt and dispute or not - HELD THAT:- Even though the Corporate Debtor admits categorically that there is amount due and payable, there is no default in making payment to the applicant - The debt and default are proved. The applicant herein has not proposed name of any Interim Resolution Professional. In view of the same, this Adjudicating Authority appoints Mr. Saradindu Jena is appointed as Interim Resolution Professional. Application admitted - moratorium declared.
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