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2021 (3) TMI 1225 - 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 - time limitation - HELD THAT:- All provisions of IBC, 2016 stand complied. Further, there is a debt which is due and payable and not barred by limitation. There is no pre-existing dispute as well. The amount claimed is much more than the threshold limit of ₹ 1 lakh. The name of IRP has not been proposed as it is not mandatory in case of application filed under Section 9 of 1B Code, 2016. Corporate Debtor M/S. Manpasand Beverages Ltd. is admitted in Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy code, 2016 - Application admitted - moratorium declared.
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