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2018 (5) TMI 1279 - NATIONAL COMPANY LAW TRIBUNAL, HYDERABADCorporate Insolvency resolution process - Proof of Operational debt - Held that:- In the case on hand the amount due from the respondent to the petitioner is an operational debt. Therefore, petitioner is an operational creditor. The amount is due from the respondent Company and therefore respondent is the corporate debtor. The material on record establish that operational debt is due from the corporate debtor to the operational creditor and in respect of the same a default has been committed. Corporate debtor did not raise a plea that there exist a dispute in respect of the operational debt claimed or exist a suit or pendency of other proceeding in respect of the operational debt. The petition is complete in all respects. This application deserves to be admitted and it is accordingly admitted.
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