TMI BlogInitiation of Corporate Insolvency Resolution Process - default in making repayment - the Operational...Initiation of Corporate Insolvency Resolution Process - default in making repayment - the Operational Creditor becomes entitled to retention money of 25% or 20% only if it completes the terms of purchase order, especially erection, commissioning and trial run - since contract was not completed, amount does not become due, then there is no question of default - petition dismissed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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