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CIRP u/s 7 admitted when corporate debtor was not in position to repay its financial dues

September 3, 2019[2019] 107 taxmann.com 456 (NCLT - Ahd.)
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IBC : When there was a default on part of corporate debtor in repaying outstanding financial debt and corporate debtor urged itself for CIRP due to financial constraints, CIRP petition was to be admitted

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