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    <description>The Tribunal had jurisdiction over the applicant company&#039;s registered office in New Delhi and found the application by the authorized representative of the corporate debtor compliant with Section 10 of the Insolvency and Bankruptcy Code. The applicant demonstrated financial default and compliance with statutory requirements, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). The Tribunal admitted the application, imposed a moratorium, and appointed an Interim Resolution Professional to oversee the proceedings in accordance with the IBC.</description>
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