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CIRP to be admitted even if default on part of debtor occurred due to factors beyond its control

May 22, 2019[2019] 107 38 (NCLT - Hyd.)

IBC: Where financial creditor was in no way responsible for happening of events which caused delay in implementation of project undertaken by corporate debtor, CIRP petition was to be admitted against corporate debtor though it contended that default occurred due to factors beyond control of its management

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