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2019 (10) TMI 55 - NATIONAL COMPANY LAW TRIBUNAL, AHMEDABAD BENCHAdmissibility of petition - initiation of CIRP - Corporate debtor - Section 9 of the Insolvency and Bankruptcy Code, 2016 - principles of res judicata - HELD THAT:- Petitioner stated the name of the insolvency professional and filed his written communication. Petitioner also issued demand notice as required by section 8(1) read with Rule 5 of the Rules and served the same on the respondent. There is an occurrence of default in repayment to the operational creditor by corporate debtor and the corporate debtor made default in making repayment of the said debt - Proposed Interim Insolvency Resolution Professional has made a declaration that no disciplinary proceedings are pending against him - the petition is admitted. It is a fit case to initiate Insolvency Resolution Process by admitting the Application under Section 9(5)(1) of the Code. Petition admitted.
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