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2019 (8) TMI 1486 - NATIONAL COMPANY LAW TRIBUNAL, NEW DELHI BENCHMaintainability of petition - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - Default of debt - HELD THAT:- The petitioner-financial creditor has disbursed money to the respondent-corporate debtor. Though a considerable long period has lapsed the amount due has not been repaid the financial creditor- petitioner. It is accordingly held that the respondent-corporate debtor has committed default in repayment of the outstanding financial debt which exceeds the statutory limit of rupees one lakh - Application admitted - moratorium declared.
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