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Insolvency process couldn't be initiated due to existence of disputes in respect of rates between parties

April 26, 2019[2019] 104 237 (NCLT-Chd.)

IBC: Where operational creditor provided marketing services to corporate debtor and raised invoices but respondent made payment for some invoices and disputed rest of invoices for irrational rates, that too, much prior to issue of demand notice under section 8, there being a pre-existing dispute, petition for initiation of CIRP was to be rejected

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