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    <title>2021 (4) TMI 309 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH, NEW DELHI</title>
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    <description>The Tribunal found that the Corporate Debtor owed a debt exceeding the threshold limit, had defaulted in payment, and the debt was not barred by Limitation. There was no pre-existing dispute. The Tribunal dismissed the Appeal and upheld the Adjudicating Authority&#039;s decision to admit the Petition for Initiation of Corporate Insolvency Resolution Process (CIRP), with no order as to costs.</description>
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      <description>The Tribunal found that the Corporate Debtor owed a debt exceeding the threshold limit, had defaulted in payment, and the debt was not barred by Limitation. There was no pre-existing dispute. The Tribunal dismissed the Appeal and upheld the Adjudicating Authority&#039;s decision to admit the Petition for Initiation of Corporate Insolvency Resolution Process (CIRP), with no order as to costs.</description>
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