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Insolvency plea under IBC could be jointly maintained against two corporate Debtor: NCLAT

December 7, 2018[2019] 101 309 (NCL-AT)

IBC: If two corporate debtors i.e., developer and land owner collaborate, form an independent corporate unit entity for developing land and allotting premises to its allottee, application under section 7 will be maintainable against both of them jointly and not individually against one or other

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