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2019 (10) TMI 106 - NATIONAL COMPANY LAW TRIBUNAL AHMEDABAD BENCH, AHMEDABADMaintainability of application - initiation of CIRP - Corporate Debtor - debt due and payable or not - HELD THAT:- This adjudicating authority is of the considered view that operational debt is due to the Applicant and in support of that operational creditor has placed copy of chart giving details of salary outstanding. That, the respondent has acknowledged the debt in letter dated 01.01.2019 and has not raised any dispute. In the reply filed by the respondent, the receipt of notice has been acknowledged. Therefore, service is complete. That, Applicant is an Operational Creditor within the meaning of sub-section (5) of Section 20 of the Code. The petitioner is able to establish that there exists debt as well as occurrence of default - thus, the Application filed by the Applicant is complete in all respects. Application admitted - moratorium declared.
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