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2018 (8) TMI 1988 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - default of debt or not - HELD THAT:- The present application is signed by the Assistant General Manager of the applicant bank with official seal of the Bank of India, therefore, it can be safely presumed that he possesses proper authority for filing the present application. The filing of the present application is found to be in order as it has been signed by the proper authorised signatory and is found complete for the purpose of triggering of CIRP in respect of the Corporate Debtor Company. Because it has already expressed its no objection for initiating such process and stated that the appointment of a Resolution Professional would be in the interest of the Creditors. Hence, there remains no impediment for initiation of CIRP. Application admitted - moratorium declared.
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