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Dishonoring of cheque issued at time of settlement amounts to default on part of corporate debtor: NCLAT

July 20, 2020[2020] 117 taxmann.com 706 (NCL-AT)
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IBC: Where corporate debtor had clearly acknowledged its liability by entering into settlement agreement with operational creditor, dishonouring of cheque issued at time of settlement amounts to default on part of corporate debtor and therefore, application under section 9 filed by operational creditor had rightly been admitted

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