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2019 (12) TMI 1415 - NATIONAL COMPANY LAW TRIBUNAL CHENNAI BENCHMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - existence of debt and dispute or not - HELD THAT:- The Corporate Debtor has not denied having availed credit facilities, creation of mortgage, and classification of the loan account as "Non Performing Asset" and the non-payment of the loan amount. The Corporate Debtor and its Guarantors are jointly and severally liable to pay the outstanding amount against the loans availed by the Corporate Debtor - Since the Financial Creditor has proved existence of debt and default and there being no denial from the Corporate Debtor with respect to the outstanding amount of ' 2,83,10,52,539.32 as on 14.01.2019, this application is admitted. Application admitted - moratorium declared.
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