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2022 (8) TMI 712 - 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 - time limitation - HELD THAT:- This Bench feels that the Petitioner has successfully demonstrated the existence of “debt” and “default” committed by the Corporate Debtor in this case - Since the Corporate Debtor did not file any reply, the claim of Operational Creditor remained unchallenged. Since the date of default is on 14.06.2021, the Company Petition being filed on 22.02.2022 is well within limitation. Thus, Company Petition satisfies all legal requirements for admission - Petition admitted - moratorium declared.
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