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2017 (9) TMI 1937 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, CHENNAIMaintainability 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:- It is established that the Corporate Debtor has committed the default in making the payment of the outstanding debt to the Corporate Debtor along with interest as claimed by the Operational Creditor - Operational Creditor has fulfilled all the requirements of law and has also proposed the name of IRP after obtaining the written consent in Form-2. It is satisfying that Corporate Debtor committed default in making payment of the outstanding debt. Application admitted - moratorium declared.
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