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2019 (2) TMI 1729 - NATIONAL COMPANY LAW TRIBUNAL, SINGLE BENCH, CHENNAIAdmissibility of application - initiation of CIRP - Corporate Debtor defaulted in making repayment - existence of a default on the part of the Corporate Debtor or not - HELD THAT:- The documentary evidence which is placed on the case file is sufficient in order to ascertain the existence of a default on the part of the Corporate Debtor. Therefore, in the light of the facts and circumstances recorded, and the legal position stated, the Financial Creditors have fulfilled all the requirements of law including the proposal of the name of IRP for appointment. Thus, the Application filed under Section 7 of the I&B Code, 2016 stands admitted. Application admitted - moratorium declared.
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