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Acknowledgment of debt in agreement followed by issuance of cheques for repayment was prima facie admission of debt

June 23, 2020[2020] 117 taxmann.com 245 (NCLT - New Delhi)
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IBC : Acknowledgement of debt made in agreement followed by issuance of cheques by corporate debtor were prima facie admission of debt and on commission of default in repayment of financial debt, CIRP petition was to be admitted

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