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2018 (10) TMI 194 - Tri - Insolvency and BankruptcyCorporate Insolvency Resolution Process - existence of financial debt - Held that:- There exists a financial debt and there is occurrence of default committed by the Corporate Debtor in respect of repayment of financial debt. Hon’ble Supreme Court in the Judgment in Innoventive Industries Limited v. ICICI Bank & ANR [2017 (9) TMI 58 - SUPREME COURT OF INDIA] held that if there is a default occurred in respect of financial debt and the movement the Adjudicating is satisfied that the default has occurred, the Application must be admitted unless it is incomplete.In view of the above said findings and in view of the judgment of the Hon’ble Supreme Court, this Petition is liable to be admitted since it is complete in all respects.
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