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Corporate Insolvency Resolution Process application dismissed: No outstanding debt or default after contract cancellation notification via email.

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....Maintainability of application - initiation of CIRP - The Corporate Debtor's email establishes the fact that the Petitioner was informed about the cancellation of the contract and that the order was closed. Hence, there is no debt and default committed by the Corporate Debtor.....

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Corporate Insolvency Resolution Process application dismissed: No outstanding debt or default after contract cancellation notification via email.