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2018 (12) TMI 224 - Tri - Insolvency and BankruptcyInitiating the insolvency resolution process against the respondent-corporate debtor - default in repayment of loan - Held that:- Corporate debtor has defaulted, reference has been made to various documents which are already referred while narrating the facts of the case. All the relevant documents regarding sanction of the loan facilities as well as execution of the documents by the respondent-corporate debtor have been relied upon. As the petitioner submits that loan has been secured by hypothecation of assets for which the documents have already been referred. In Part IV and V of Form No.1 the particulars of the amount of debt granted with date of disbursement are given in detail. The amount claimed to be defaulted and the date on which the default occurred are also mentioned in column No.2 of Part IV of the application. In Form -I statement of account of the respondent-corporate debtor for the period of 17.06.2015 to 31.01.2018 has been attached which has been certified by the Assistant General Manager who is also In-charge of the Computer Systems Bank of the Financial Creditor in order to comply with the requirements of Section 2(A) of the Bankers Books Evidence Act, 1891. This certificate is at page 978 of the paper book. The petitioner has also filed the CIBIL report in order to support the evidence of default and that report is at Annexure A/79. The requirements of Clause (a) of Section 7(3) of the Code have been fulfilled. Interim Resolution Professional/Resolution Professional appointed. In view of the above the petition is admitted
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