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2022 (2) TMI 564 - 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:- In the present case, the occurrence of default is evidenced by the details furnished by the Petitioner - the Petition filed in the prescribed Form No. 1 is found to be complete. The present Petition being complete and having established the default in payment of the Financial Debt for the default amount is being above ₹ 1,00,000/-, the Petition is admitted in terms of Section 7(5) of the IBC and accordingly, moratorium is declared in terms of Section 14 of the Code - Petition admitted - moratorium declared.
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