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IBC - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Maintainability of application - initiation of CIRP - Financial ...

Case Laws     Insolvency and Bankruptcy

May 6, 2020

Maintainability of application - initiation of CIRP - Financial debt or not - The applicants failed to produce any document to show that what was the agreed interest in between the parties on the basis of which money was borrowed. Therefore, the case of the applicant, does not comes u/s 5(8) of the I and B Code

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