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Financial liquidity crunch can't be an excuse for non-payment of debt; CIRP plea to be admitted

February 11, 2020[2020] 113 taxmann.com 399 (NCLT - Ahd.)
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IBC: Where corporate debtor failed to pay outstanding dues to operational creditor for supply of material, though it took plea of financial liquidity crunch beyond its control, CIR petition was to be admitted

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