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NCLT admitted initiation of CIRP as corporate debtor acknowledged default and offered settlement

May 15, 2019[2019] 106 taxmann.com 325 (NCLT - Ahd.)
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IBC : Where corporate debtor defaulted in making payment of goods supplied and accepted liability which was more than Rs. 1 lakh and offered for settlement, default being duly established, CIRP petition was to be admitted

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