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CIRP admitted as debtor failed to make repayment of credit extended and to comply with one time settlement scheme

April 10, 2019[2019] 106 taxmann.com 220 (NCLT - Ahd.)
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IBC: Where corporate debtor failed to make repayment of availed credit facilities as also to comply with one time settlement scheme and had no resolution plan to pay off dues of consortium of lenders, application for CIRP by financial creditor was admitted

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