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Insolvency plea was to be admitted due to failure to repay loan taken for setting-up of solar plant

December 28, 2018[2018] 100 taxmann.com 376 (NCLT - New Delhi)
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IBC: Where applicant obtained loan for setting up a solar plant, in view of fact that due to operational damage said plant was not operating at its full capacity and as a result applicant was not in a position to repay loan as per agreed terms, application filed under 10 in such circumstances, was to be admitted

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