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2021 (5) TMI 308 - 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 - HELD THAT:- In the instant case, though there is an authority letter issued by other partners of the firm (page 40), it does not bear any date in order to make out as to whether the said authorisation is given prior to the issuance of demand notice. In absence of such vital information i.e. the 'date' on which such authority letter is/was executed, it is difficult to come to the conclusion that the demand notice is/was issued on the basis of the authority letter. In the result, the application so filed gets vitiated. The petition is not maintainable and deserves to be dismissed - Petition dismissed.
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