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2020 (5) TMI 273 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - existence of debt and dispute or not - HELD THAT:- This Bench is of the view that the averments regarding the dispute raised by the corporate debtor with respect to the usage of sub-standard quality material, is not supported by any documentary evidence. Therefore, the dispute raised by the corporate debtor does not merit any further consideration. The operational creditor has established the default on the part of corporate debtor in payment of the operational debt. The petition filed under section 9 fulfils all the requirements of law - Therefore, the petition is admitted in terms of section 9(5) of the IBC. Application admitted - moratorium declared.
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