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NCLT would require only notice in case of default for initiation of Corporate Insolvency Resolution Process: NCLAT

July 20, 2019[2019] 108 253 (NCL-AT)

IBC: Adjudicating Authority is only required to notice as to whether there is a default or not; if record is complete and debt is payable, it is duty of Adjudicating Authority to admit application

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