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2019 (9) TMI 1124 - Tri - Insolvency and BankruptcyAdmissibility of application - initiation of CIRP - Corporate Debtor - Amount outstanding against the Corporate Debtor which the Corporate Debtor failed to pay - HELD THAT:- The Operational Creditor has fulfilled all the requirements of law for admission of the Application. This Authority is satisfied that the Corporate Debtor has committed default in making payment of the outstanding debt claimed by the Operational Creditor. Therefore, Application is admitted and the commencement of the Corporate Insolvency Resolution Process is ordered, which ordinarily shall get completed within 180 days, reckoning from the day this order is passed. Petition admitted - moratorium declared.
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