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CIRP admitted as debt and default were in existence and corporate debtor failed to pay one time settlement amount

October 5, 2019[2019] 109 taxmann.com 249 (NCLT- Chennai ) (SB)
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IBC: Where debt and default were in existence and corporate debtor failed to pay one time settlement amount as agreed between corporate debtor and financial creditor, CIRP petition was to be admitted

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