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2022 (5) TMI 653 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Financial Creditors - Existence of debt and default or not - time limitation - HELD THAT:- In the present case, the occurrence of default is evidenced by the details furnished by the Petitioner including the record of financial information (Form-C) issued by NESL in respect of the debt of the Corporate Debtor. Time Limitation - HELD THAT:- The transaction involving the defaulted amount dates back to 03.03.2019 (as shown as Annexure B-31) and the application was filed on 28.09.2021. Hence, the Petition has been filed within the period of limitation. The respondent corporate debtor in his reply, admitted the debt and default - The application filed in the prescribed Form No. 1 is found to be complete. Application admitted - moratorium declared.
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