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IBC - Highlights / Catch Notes

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Initiation of CIRP proceedings - In the order of NCLT, there was ...

Insolvency and Bankruptcy

October 16, 2020

Initiation of CIRP proceedings - In the order of NCLT, there was no finding rendered by the ‘Adjudicating Authority’ as to how a third party payment became a ‘Financial Debt’ or how a ‘Financial Creditor’ had become a ‘Financial Creditor’, in the absence of any ‘Financial Debt’ - Matter restored back - AT

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