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2022 (5) TMI 310 - NATIONAL COMPANY LAW TRIBUNAL , AHMEDABAD BENCHMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Financial Creditors - existence of debt and dispute or not - Time Limitation - HELD THAT:- In the instant matter, the Corporate Debtor had time and again acknowledged the debt within limitation period which resulted in fresh period of limitation. The Corporate Debtor never disputed the bank statement or any other documents annexed by the Applicant. There is a payment of 50 lakhs has not been denied and the Financial Creditor has also annexed in the petition year vise ledger account of Corporate Debtor in which the interest has also been charged. Therefore, the present Application is within the period of limitation and not barred by law. Application admitted - moratorium declared.
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