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2021 (6) TMI 23 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor defaulted in repayment of its dues - Operational Creditor - no pre-existing dispute - time limitation - HELD THAT:- The instant petition was filed on 29.08.2019. The outstanding invoices were raised from 09.12.2014 to 24.12.2014 and the email was sent by the respondent regarding admission/acknowledgement of debt on 03rd June, 2017. The demand notice was issued by the applicant under section 8 of the Code on 20.08.2018. The petition filed by the applicant is within the limitation period. The corporate debtor has admitted the debt and not raised a pre-existing dispute and has not paid the amount due. The application is complete. The corporate debtor has committed default in payment of operational debt and, therefore, it is a fit case to initiate the Insolvency Resolution Process by admitting the Application under Section 9(5)(1) of the Code - Application admitted - moratorium declared.
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