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Insolvency resolution plea was to be admitted when cheque issued by corporate debtor got dishonored

May 13, 2019[2019] 105 68 (NCLT - Ahd.)

IBC : Where corporate debtor had admitted its debts and sought for a settlement and during course of settlement issued cheques to financial creditor which got dishonored, and later, it challenged maintainability of application to initiate CIRP, it was legally not open to corporate debtor to approbate or reprobate on same facts and conditions

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