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2019 (8) TMI 553 - Tri - Insolvency and BankruptcyMaintainability of application - Initiation of Corporate Insolvency Resolution Process - Corporate Debtor - outstanding amount due and payable by the corporate debtor - time limitation - HELD THAT:- The default occurred from 16.10.2017, hence the debt is not time barred and the application is filed within the period of limitation. The application in Form 5 is complete; no payment of the unpaid operational debt of ₹ 2,80,000/- has been made; demand notice in Form No. 3 and 4 was duly served on corporate debtor through registered post but no reply was received by Operational Creditor; the affidavit under section 9 (3) (b) of no dispute has been filed. In view of the satisfaction of the conditions provided for in Section 9(5)(i) of the Code, we admit the application and direct the initiation of CIRP of M/s. Ojasvi Agritech Private Limited. Application admitted - moratorium declared.
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