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2021 (6) TMI 698 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Financial Creditors - existence of debt and dispute or not - HELD THAT:- The applicant has established that the loan amount was given and availed by the Corporate Debtor and there is an outstanding of ₹ 1,40,49,015/- along with interest @ 12% per annum amounting total sum of ₹ 1,65,86,165 due and payable by the Corporate Debtor and the Corporate Debtor has committed default in repayment of the amount. Application allowed - moratorium declared.
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