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2017 (12) TMI 1724 - Tri - Insolvency and BankruptcyMaintainability of petition - Initiation of CIRP - Corporate debtor - Default in making repayment of loan - HELD THAT:- In the present case it appears from the evidence on record that the petition is complete as per requirements of the code. The petitioners has proved that corporate debtor has committed default in making repayment of the loan amount. Therefore, the petition filed by the Financial Creditor, Bank of Maharashtra deserves to be admitted. Petition admitted - moratorium declared.
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