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Unsecured loan advanced by an individual to a Co. is a financial debt; CIRP to be admitted

October 1, 2019[2019] 109 taxmann.com 119 (NCLT - Ahd.)
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IBC: Unsecured loan advanced to corporate debtor company by an individual would fall within category of financial debts; for corporate debtor's inability to repay outstanding amount, even if due to loss suffered in business, CIRP petition was to be admitted

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