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NCLT admitted CIRP u/s 10 as total debt was much higher than nominal capital of corporate debtor

July 15, 2019[2019] 107 63 (NCLT - Hyd.)

IBC: Where corporate debtor initiated insolvency process against itself in view of fact that total debt raised from financial creditors and amount outstanding towards same was much higher than its nominal capital and financial creditors had no objection for admission of said application, application was to be admitted

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