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2017 (11) TMI 1525 - Tri - Insolvency and BankruptcyCorporate Insolvency Resolution Process - proof of existing debt - Held that:- The applicant has attached the relevant certified bank account statements along with certificate issued by Bank of India that Since January 2017 no amount has been paid by Respondent Corporate Debtor to the applicant. Further from the certificate issued by the Deutsche Bank it is clear that no amount has been paid by the respondent Corporate debtor between 17/08/2017 to 18/09/2017 in the account of the applicant operational creditor. This shows that the provisions of Section 9(3)(c) of the Code has been satisfactorily compiled with by the applicant. The present application is complete and there has been part admission of salary dues and non-payment of the same has caused default by respondent. Therefore, on fulfilment of the requirements of section 9(5)(i)(a) to (d) of the Code, the present application is admitted. A moratorium in terms of section 14 of the Code is being issued accordingly.
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