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2018 (6) TMI 844 - Tri - Insolvency and BankruptcyInsolvency Resolution Process - outstanding debt - satisfaction of the ingredients as provided under section 9(5) (i) of the Code - Held that:- The operational creditor succeeds in proving that the application is complete, that there is no payment of the unpaid operational debt, that the demand notice has been delivered by the operational creditor, that no notice of dispute has been received by the operational creditor and that there is no disciplinary proceeding pending against the resolution professional, this application is liable to be allowed. The applicant in the case in hand succeeds in proving all the ingredients of section 9 (5)(i) of the Code, and further proves failure on the side of the Corporate Debtor in clearing the debt due to the Operational Creditor, even after receiving the demand notice under section 8(1) of the Code. The application filed by the operational creditor under section 9 of the Insolvency & Bankruptcy Code, 2016 deserves to be admitted
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