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Developer's Failure to Refund Assured Returns Triggers Corporate Insolvency Resolution Process for Flat Sales.

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Full Text of the Document

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....Initiation of Corporate Insolvency Resolution Process - sale of flats with assured return plan - developer failed to refund the assured - Financial Debt - Though considerable long period has since lapsed even the principal amount disbursed has not been repaid by the respondent corporate debtor - Application admitted.....

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