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SEBI can't recover money or sell properties of corporate debtor attached during moratorium: NCLT

May 14, 2019[2019] 107 32 (NCL-AT)

SLD: Where corporate debtor acknowledged financial debt but defaulted in repayment of same, CIRP petition was to be admitted

IBC: Where corporate debtor by affidavit acknowledged debt of financial creditor and committed default in repayment of financial debt, CIRP petition filed under section 7 was to be admitted

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