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Insolvency process couldn't be initiated against debtor as loan agreement relied by creditor was seriously disputed

January 4, 2019[2019] 101 465 (NCLT - New Delhi)

IBC: Where financial creditor filed application under section 7 alleging that corporate debtor defaulted in payment of interest amount, since, loan agreement relied upon by financial creditor was seriously disputed, matter required proper trial and investigation and, thus, instant application was to be dismissed

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