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2019 (9) TMI 1294 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of debt - existence of debt and dispute or not - it was submitted that the Applicant should have invoked the Arbitration Clause prior to filing of any case/application with the Hon'ble (NCLT) or any other Court - HELD THAT:- The present Application is complete and the Applicant is entitled to claim its dues, establishing the default in payment of the Operational Debt beyond doubt and there is no tenable ground to reject this application. Therefore, the present Application deserves to be admitted and this Application is admitted. Application admitted - moratorium declared.
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