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2022 (3) TMI 456 - 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:- The respondent corporate debtor has admitted its liability to pay the operational debt via letter dated 16.08.2018. The applicant has placed various communications on record showing that the respondent has never raised any compliant regarding claim of applicant. No dispute has ever been raised by the respondent apart from a debit note for a very small amount - the applicant has placed sufficient documents to establish its claim against the corporate debtor. The respondent corporate debtor has not placed any record to show that any dispute was ever pending between the parties before issuance of demand notice under section 8 of IBC. Since the corporate debtor already admitted its liability to clear its debt which is evident from note dated 16.08.2018, the present application is admitted - Application admitted - moratorium declared.
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