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2017 (5) TMI 1633 - NATIONAL COMPANY LAW TRIBUNAL, AHMEDABADCorporate insolvency procedures - outstanding debt - Held that:- This Petition was listed before this Adjudicating Authority on 12.5.2017. This Adjudicating Authority directed the Financial Creditor to issue Notice of hearing. Financial Creditor, in compliance with the directions of this Adjudicating Authority, issued Notice of date of hearing and filed proof of despatch. On 17.5.2017, i.e., on the date of hearing, none remained present on behalf of the Corporate Debtor. The debt due to the Financial Creditor is a 'Financial Debt'. The Petition is complete in all respects. The 'Financial Debt' is defined in sub-section (8) of Section 5 of the Code. In view of the above discussions, this Petition is admitted under Section 7 (5) of the Code. This Adjudicating Authority is also appointing Company Secretary, Shri Nitin Hasmukhlal Parikh, residing at 7th Floor, 737, Fortune Tower, Sayajigunj, Vadodara-390005 (E-mail: nitin parron2000@yahoo.com) having Registration No. IBB1/1PA-002/1P-N00058/2016- 17/ 10110 as "Interim Resolution Professional" under Section 13(I)(b) of the Code.
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