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IBC - Highlights / Catch Notes

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Initiation of CIRP - Threshold limit of default for admission of ...

Insolvency and Bankruptcy

September 6, 2023

Initiation of CIRP - Threshold limit of default for admission of application - inclusion of interest for arriving at a claim - the quantum of interest comes into play as per the clauses of the Agreement of Sale entered into between the Parties. - Interest amount rightly added to meet the threshold limit. - AT

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