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CIRP admitted on repayment default as financial creditor wasn't liable for delay in corporate debtor's project

January 2, 2020[2019] 112 293 (NCLT - Hyd.)

IBC : Where corporate debtor defaulted in repaying loan taken from bank for development of a project and stated that due to force majeure project was delayed and its cost increased, since financial creditor was not responsible for delay, CIRP was to be initiated

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