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Corporate Insolvency resolution process was to be initiated due to non-payment of balance dues: NCLT

December 14, 2018[2018] 100 190 (NCLT- Chennai )

IBC : Where goods supplied by operational creditor was satisfactorily received by corporate debtor but later on it alleged defects which operational creditor was ready to replace, but goods were found to have already been exported, for non-payment of balance dues, CIRP was to be initiated

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