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    <description>The Section 7 application under the Insolvency and Bankruptcy Code was found complete on the basis of loan documents, account records, acknowledgment of liability and credit information establishing debt and default. The debt was above the statutory threshold, the default date was within limitation, and service was effected through the registry and newspaper publication after the corporate debtor failed to appear. On that material, the corporate insolvency resolution process was admitted, moratorium commenced, and an interim resolution professional was appointed.</description>
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