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2019 (10) TMI 1513 - NATIONAL COMPANY LAW TRIBUNAL, CHENNAIMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of ts dues - Financial Creditors - existence of debt and dispute or not - HELD THAT:- The Corporate Debtor is not in a position to revive the operations successfully or make any tangible proposal to pay off the debt due to the Financial Creditor, this Tribunal hereby admit this Company Petition. Application admitted - Moratorium declared.
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