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    <description>An application for initiation of Corporate Insolvency Resolution Process was found to satisfy the Insolvency and Bankruptcy Code, 2016 requirements, with the corporate debtor&#039;s liability and default treated as established. An attempted partial settlement did not alter the finding that the matter was fit for admission. On that basis, the application was admitted, CIRP commenced, moratorium declared, and an Interim Resolution Professional appointed to take charge, make the public announcement, and invite claims.</description>
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