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2020 (1) TMI 38 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor defaulted in making repayment - existence of debt and dispute or not - section 7 of the I & B Code - HELD THAT:- This Applicant/Financial Creditor has proved existence of debt and default. Moreover, no dispute has been raised by the Corporate Debtor before the receipt of Section 8 Notice - Application deserves to be admitted. Application admitted - moratorium declared.
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