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2019 (9) TMI 1306 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of outstanding dues - debt due and payable or not? - section 7 of Insolvency & Bankruptcy Code, 2016 - HELD THAT:- It is clear that debt aggregating to ₹37crore is due and payable by the Corporate Debtor to the Applicant - The application filed by the financial creditor is on proper Form 1, as prescribed under the Adjudicating Authority Rules and application is complete. Application admitted - moratorium declared.
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