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Companies Law - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

When a Company is unable to pay the debt or refuse to pay the ...

Companies Law

June 18, 2017

When a Company is unable to pay the debt or refuse to pay the debt, the financial creditor or the operational creditor, as the case may be, can initiate insolvency proceedings since the corporate debtor defaulted in repaying the debt admittedly showing in the financial statement of the debtor Company, this application deserves admission.

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