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Insolvency plea admitted against corporate debtor on failure to make payment of financial debt

March 19, 2020[2020] 117 580 (NCLT - New Delhi)

IBC: Where corporate debtor had availed credit facilities and there had been default in payment of financial debt, application filed by financial creditor under section 7 with detail particulars of financial debt including documents, records and evidence of default, being complete in all respects was to be admitted

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