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2019 (11) TMI 1532 - NATIONAL COMPANY LAW TRIBUNAL , MUMBAI BENCHMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - existence of debt and default or not - HELD THAT:- It is amply clear that the Corporate Debtor is liable to pay a sum of ₹ 3,08,290/- but defaulted in making the payment, hence, the Petition deserves admission. Application admitted - moratorium declared.
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