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of <h1>Corporate Entity Seeks Pre-Packaged Insolvency Resolution Under Insolvency and Bankruptcy Code 2016; Creditor Approval Included</h1> An application has been submitted by a corporate entity to the National Company Law Tribunal to initiate a pre-packaged insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. The application includes details of the corporate debtor and applicant, proposed resolution professional, and financial/operational debts. It outlines the authorization and eligibility of the corporate debtor for the process, as well as the approval from creditors. The application is supported by various annexures, including financial statements, creditor approvals, and proof of payment of the application fee. The affidavit confirms the truthfulness of the application details.
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