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2019 (1) TMI 1833 - NATIONAL COMPANY LAW TRIBUNAL, AHMEDABADMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - existence of debt and dispute or not - HELD THAT:- There is no dispute in the case that the petitioner is the financial creditor. More so when the corporate debtor has admitted the debt by way of an affidavit in reply. The application is also filed in the prescribed form - I of the Rules and the prescribed fee has also been paid - On perusal of record, it is held that there is existence of default and the said default accrued on 20.05.2018. The application under Section 7(2) of the Code is also complete in all respect. The petitioner/financial creditor having fulfilled all the requirements of Section 7 of the Code, the instant petition deserves to be admitted - Petition admitted - moratorium declared.
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