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2019 (4) TMI 1606 - NATIONAL COMPANY LAW TRIBUNAL, KOLKATA BENCH, KOLKATACorporate Insolvency Resolution Process - Corporate Debtor committed default in paying debt - HELD THAT:- Uncontroverted facts stated by the Financial Creditor about the debt and default by the Corporate Debtor. I hold that Financial Creditor proof both the facts that there is ‘financial debt’ due and payable by the Corporate Debtor and Corporate Debtor committed default in paying the debt. The application filed by the Financial Creditor under section 7 of the Insolvency & Bankruptcy Code, 2016 for initiating Corporate Insolvency Resolution Process against the Corporate Debtor, M/s. Venkateshwara Capital Mangement Ltd. is hereby admitted.
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