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2022 (5) TMI 917 - NATIONAL COMPANY LAW TRIBUNAL , HYDERABAD BENCHMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Operational Creditors - existence of debt and dispute or not - HELD THAT:- It is noted that the Corporate Debtor has taken the building for lease and had defaulted in paying the rents as per the agreement entered between them - a demand notice was issued to the Corporate Debtor and the same was delivered to the registered office of Corporate Debtor and Corporate Debtor has come up for clearing dues and underwent an MOU, but failed to pay the debt in spite of receipt of demand notice and no dispute was raised - the Adjudicating Authority directed the operational creditor to issue notice to the corporate debtor on 16.02.2022 and 01.03.2022. The notice which was sent to the respondent got returned twice with endorsement "Addressee Refused". Thus this Adjudicating Authority set the Corporate Debtor ex-parte vide order dated 30.03.2022. The claim amount is more than Rs. One Lakh and the Petition is filed before the notification dated 24.03.2020, hence, it is clear that the company petition is admissible. Petition admitted - moratorium declared.
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