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2018 (10) TMI 1905 - NATIONAL COMPANY LAW TRIBUNAL HYDERABAD BENCHMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Financial Creditors - One Time Settlement scheme - Master Restructuring Agreement - HELD THAT:- This Adjudicating Authority is satisfied that the Petitioner has clearly made out a case by establishing that the Corporate Debtor has defaulted on payment dues on various occasions to the Petitioner. Also, the petitioner has proved by placing overwhelming evidence viz., Sanction Letter, Facility Agreement, Amended Facility Agreement, Master Restructuring Agreement, Security Trustee Agreement etc., which reveal that default have occurred for which the Corporate Debtor was responsible to pay. The Petitioner has established clearly that the amount in default committed by the Corporate Debtor is genuine and is supported by the documentary evidence placed before this Adjudicating Authority. In the Circumstances, having satisfied with the submission put forth by the learned counsel for the Petitioner, the Instant Petition is admitted.
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