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NCLT rejected CIRP as claim of operational creditor wasn't in accordance with settlement agreement

July 18, 2019[2019] 106 278 (NCLT - Bang.)

IBC: Where claim of operational creditor was not in accordance with terms of settlement agreement executed between operational creditor and corporate debtor and therefore, serious dispute existed with reference to claim made by operational creditor, application to initiate CIRP against corporate debtor was to be rejected

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