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2022 (1) TMI 567 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Operational Creditors - existence of debt and dispute or not - HELD THAT:- In the instant case there is no dispute that the Corporate Debtor had initially made part-payment of ₹ 6,79,680/- towards the goods purchased. The Corporate Debtor could not pay the remainder amount of ₹ 24,42,203/-. However, the said outstanding amount of ₹ 24,42,203/- has been paid by the Corporate Debtor, the details of which were furnished by the Corporate Debtor in its Memo dated 08.11.2021. Such payment has been confirmed by the Operational Creditor. The Corporate Debtor could not substantiate its claim of interest with any documentary proof, it is satidfying that before admission of an application under Section 9 of the I&B Code, 2016, the Corporate Debtor paid the total debt - application dismissed.
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