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CIRP initiated against corporate debtor for default in making payment of overdue sum

October 5, 2019[2019] 109 taxmann.com 255 (NCLT- Chennai ) (SB)
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IBC: Where corporate debtor committed default in making payment of outstanding amount as also failed to repay loan amount as a guarantor in respect of loans given to another company, instant CIRP application filed by financial creditor was to be admitted

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