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2021 (9) TMI 492 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Financial Creditors - existence of its debt and dispute or not - HELD THAT:- On perusal of the material papers on record and in terms of extant provisions of Section 7 of IBC, the debt due to the Financial Creditor is proved. The Adjudicating Authority admits the Petition under Section 7 of the Code, declaring the moratorium for the purposes referred to in Section 14 of the Code - Petition admitted - moratorium declared.
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