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2018 (12) TMI 1713 - NATIONAL COMPANY LAW TRIBUNAL, NEW DELHI.Maintainability of application - initiation of CIRP - Corporate Debtor failed to repay to debt - HELD THAT:- An 'Operational Debt' is owed by the Corporate Debtor to the Operational Creditor in view of services rendered by it and a default has been committed by the Corporate Debtor in relation to the payment of Operational Debt without any plausible contention being put forth and the contentions sought to be raised it is seen as only sham or illusory. The Tribunal is inclined to admit this application and accordingly initiate the process of CIRP of the Respondent - Application admitted - moratorium declared.
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