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Insolvency resolution process couldn't be admitted as applicant failed to prove existence of debt: NCLT

June 4, 2019[2019] 108 39 (NCLT- Chennai )

IBC : Where CIR process was initiated against corporate debtor and applicant claiming itself to be a financial creditor filed an application for admission in CoC, in view of fact that applicant failed to place on record any document to prove that any money was advanced to corporate debtor by her, instant application could not be admitted

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