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IBC - Highlights / Catch Notes

Home Highlights July 2023 Year 2023 This

Initiation of CIRP - The Corporate Debtor despite having been ...

Insolvency and Bankruptcy

July 8, 2023

Initiation of CIRP - The Corporate Debtor despite having been allowed time, failed to file reply and did not appear on the date when matter was fixed for hearing. The Adjudicating Authority rightly proceeded ex-parte against the Corporate Debtor when he chose not to file reply and failed to appear on the date fixed. - AT

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