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2018 (4) TMI 1478 - NATIONAL COMPANY LAW TRIBUNAL, NEW DELHICorporate insolvency process - Held that:- Corporate Debtor has committed default and the amount of ₹ 3,73,612.43/- has remained unpaid. It is patent from a perusal of the reply affidavit given by the Corporate Debtor that it admits the liability which is due and payable to the Operational Creditor. Thus, there is default committed on the part of the Corporate Debtor within the meaning of Section 3(12) read with Section 4 and Section 9(1) of the Code, 2016. Even a copy of the certificate from the financial institution/bank maintaining accounts of the Operational Creditor has been filed to satisfy the requirement of Section 9(3)(c) of the Code. As a sequel to the above discussion, this petition is admitted and Shri Atul Kumar Kansal is appointed as an Interim Resolution Professional.
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