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    <description>A corporate debtor&#039;s application under section 10 of the Insolvency and Bankruptcy Code, 2016 was found admissible where the record disclosed default to financial creditors and the supporting financial materials, liabilities, charges, and proposed interim resolution professional&#039;s consent satisfied the statutory requirements. On that basis, the application was admitted, the corporate insolvency resolution process commenced, moratorium followed, and the proposed interim resolution professional was appointed as mandated by the Code.</description>
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