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CIRP admitted u/s 9 as cheques issued for payment for hiring charges of advertisement space were returned by bank

July 15, 2019[2019] 107 64 (NCLT - Ahd.)

IBC : Where corporate debtor issued cheques towards payment of invoices raised in lieu of hiring of advertisement space from operational creditor, but same were returned by bank as bank account was closed, CIRP application was to be admitted

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