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NCLT Sets Aside CIRP Initiation: Stock Exchange Dues Not Financial Debts u/s 7 Application.

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....Initiation of CIRP - Dues towards stock exchange - Financial debts / Financial Service Provider - Validity of order of NCLT admitting the application of the Ex-Directors of the Corporate Debtors, for default in repayment of Loan - Section 7 Application filed by Corporate Debtors were not maintainable. - The order of NCLT set aside - AT....

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