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CIRP plea admitted as corporate debtor failed to repay unsecured business loan taken from creditor-co.

November 14, 2019[2019] 110 382 (NCLT - Ahd.)

IBC : Where corporate debtor acknowledged debt liability payable to creditor company towards unsecured loan being business loan but defaulted in repaying same, CIRP petition under section 7 was to be admitted

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