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CIRP plea admitted as financial creditor clearly established existence of default on part of corporate debtor

October 19, 2020[2020] 120 176 (NCLT - Ahd.)

IBC : Where corporate debtor failed to repay various loan facilities taken from financial creditor and documents produced by financial creditor clearly established debt and existence of default on part of corporate debtor, CIRP application was to be admitted

IBC : Where corporate debtor company had acknowledged financial debt in year 2017, CIRP application being filed on 21-8-2018 was within limitation

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