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Financial Creditor Needs Solid Proof for Insolvency; Dishonour Memo Alone Not Enough per Case Circumstances.

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....Initiation of Corporate Insolvency Resolution Process - financial creditor - proof of enforceable debts - A dishonour memo cannot be taken as a proof of default in the peculiar nature and circumstances of the case in hand.....

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Financial Creditor Needs Solid Proof for Insolvency; Dishonour Memo Alone Not Enough per Case Circumstances.