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2019 (8) TMI 1740 - NATIONAL COMPANY LAW TRIBUNAL, CHENNAIMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - cheque dishonored - Financial Creditors - existence of debt and dispute or not - HELD THAT:- As the Corporate Debtor having admitted the debt and not able to clear the dues outstanding, the petitioner has proved existence of debt and default against the Corporate Debtor, therefore looking at the consent given by an Insolvency Professional, the petition is admitted. Petition admitted - moratorium declared.
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