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2022 (10) TMI 637 - Tri - Insolvency and BankruptcyMaintainability of petition - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Financial Creditors - existence of debt and dispute or not - Pre-mature application - HELD THAT:- It is observed that the present application is premature because as per the agreement dated 31.12.2014, the tenure of the loan is for a period of ten years starting from 31.03.2015 to 31.03.2025, which has not met the maturity till date. Also, it is further observed that there is no agreement between the parties regarding interest payment became due. Therefore, there is no "Default" of the loan agreement dated 31.12.2014. It is further observed that the Resolution Professional of the Financial Creditor has only furnished the proof of "Record of Financial Information" from National E-Governance Services Limited but not the "Status of Authentication" which implies the debt and its default not yet reflected on National E-Governance Services Limited. Petition dismissed.
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