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2022 (9) TMI 137 - 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 - time limitation - HELD THAT:- The Financial Creditor has satisfactorily established the existence of debt of Rs. 15,00,000/- and default of the outstanding dues aggregating to Rs. 17,84,219/- as evidenced by the records of the Financial Statements attached to this Petition. The date of default is 16th January 2017 and this Petition was filed on 8th November 2019 therefore it is noted that the Petition is not barred by Limitation. The Financial Creditor has thus successfully demonstrated and proved the debt and default in this case. Therefore, this Bench is of the view that that this Petition satisfies all the necessary requirements for admission under Section 7 of the Code. Petition admitted - moratorium declared.
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