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2019 (7) TMI 834 - Tri - Insolvency and BankruptcyAdmissibility of petition - initiation of Corporate Insolvency Resolution Process - Corporate-Debtor - Section 9 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The Corporate-Debtor did not deny its loan liability which is more than of rupees one lakh i.e. ₹ 12,13,360/- but has offered for settlement. Thus the debt-due is admitted and the default is duly established. The present IB. Petition is filed by the duly authorised signatory and it is filed well within limitation. Its filing is in order. The present IB petition filed under Section 9 of the code is found complete for the purpose of initiation of Corporate-Interim- Resolution-Process in respect of Corporate-Debtor-Company - the present IB petition is admitted - Moratorium declared.
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