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NCLT admits CIRP petition as corporate debtor defaulted in repayment of EMI of loan and rejected loan restructuring

January 8, 2020[2019] 112 383 (NCLT - Kolkata)

IBC : Where corporate debtor defaulted in payment of EMI of loan and its request for restructuring of loan was not acceded to by financial creditor, CIRP application was to be admitted

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