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2017 (10) TMI 294 - NATIONAL COMPANY LAW TRIBUNAL NEW DELHICorporate Insolvency Resolution Process against the “Corporate Debtor” - proof of default - Held that:- From a perusal of the record and the arguments advanced by the Learned Counsel for the parties, we are satisfied that the ‘Operational Creditor’ has proved by overwhelming evidence that default has occurred, which meets the requirement of Section 9 of the Code. Corporate Debtor has stated at the Bar that he does not have any opposition to the amount as claimed by the Operational Creditor. We further find that the application is complete in all respects as the Insolvency Professional, Advocate Ashok Kumar Juneja has also been proposed who has filed his consent and copy of registration issued by IBBI on 02nd June, 2017. As a sequel to the above discussion, this petition is admitted and Advocate Ashok Kumar Juneja, whose name also figures in the latest list of Insolvency Professionals issued by the Insolvency & Bankruptcy Board of India, is appointed as an Interim Resolution Professional. In pursuance of Section 13 (2) of Code, we direct that public announcement shall be immediately made by the Interim Resolution Professional with regard to admission of this application under Section 7 of the Code. We also declare moratorium in terms of Section 14 of the Code. A necessary consequence of the moratorium flows from the provisions of Section 14 (1)(a), (b), (c) & (d)
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