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2019 (6) TMI 130 - Tri - Insolvency and BankruptcyInitiation of Corporate Insolvency Resolution Process - appointment of Interim Resolution Professional - Default in repayment of amount by Corporate Debtor - Section 7 of Insolvency and Bankruptcy Code, 2016 - HELD THAT:- Financial Creditor is able to establish through voluminous documentary evidence that Corporate Debtor availed loans and Corporate Debtor further committed default. The Petitioner/Financial Creditor has proved the existence of financial debt and also default. DRT also vide order dated 10.05.2018 held that Corporate Debtor is liable to pay the outstanding dues. The amount claimed by the Financial Creditor in the petition is ₹ 26,60,58,116 (after the claim was amended). The Financial Creditor/Petitioner suggested the name of IRP who has given consent. The Petition is complete. There are no disciplinary proceedings pending against the proposed Interim Resolution Professional. Therefore, Petition is to be admitted. Petition admitted - Moratorium declared.
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