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2019 (10) TMI 57 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor - Default in repayment of operational debt - HELD THAT:- Perusal of the replies of both the parties clarifies that there is an admitted default in repayment of the operational debt by the the corporate debtor, and therefore fit for admission. The default in payment of operational debt owned and debt became payable from the date of the invoice dated 04.02.2019 raised by the Applicant. Hence, the claim of the applicant is within limitation and the debt is not time barred - the present application is complete and the Applicant is entitled to claim its dues which are un-controverted by the Corporate Debtor, establishing the default in payment of the operational debt beyond doubt. Hence, the present application deserves to be admitted. Application admitted - moratorium declared.
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