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2021 (5) TMI 348 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Corporate Applicant failed to make repayment of its dues - existence of debt and dispute or not - HELD THAT:- The 'debt' and 'default' on the part of the Corporate Debtor is proved and under these circumstances, this Application as filed by the Applicant under Section 10 of IBC, 2016 is required to be admitted under Section 10(4) of the IBC, 2016. Application admitted - moratorium declared.
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