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2015 (8) TMI 1459 - HC - Companies LawCorporate Insolvency Resolution Process - default in repayment of loan advanced to the corporate debtor - winding up petition filed against the Corporate Debtor has been admitted - Held that:- There does not appear to be any doubt as to the amount claimed to be due by the petitioning-creditor. It would be evident from the certificate of February 17, 2014 and the company’s e-mail of July 15, 2014 that the company has no defence to the claim. CP is admitted for the principal sum of ₹ 3,87,49,003/- together with interest thereon at the rate of 8 per cent per annum from February 11, 2014, which is the date indicated in the letter of February 17, 2014 issued by the company to the petitioner. If the company pays off the entire amount, inclusive of interest and costs assessed at 2000 GM, within a fortnight from date, the petition will remain permanently stayed. In default of such payment, the petition will be advertised once in “The Statesman” and once in “Bartaman”. The advertisements should indicate that the matter will appear before Court on the first available working day after the expiry of four weeks from the date of the publications being made. Publication in the Official Gazette will stand dispensed with.
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