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Application filed u/s 7 was rightly admitted by NCLT as claim amount was more than threshold of Rs. 1 lakh

August 1, 2019[2019] 107 taxmann.com 325 (NCL-AT)
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IBC: Where application under section 7 was filed by one of officer of financial creditor who had been authorized by financial creditor to act on its behalf and claimed amount was more than threshold of rupees one lakh, application filed under section 7 was rightly admitted by Adjudicating Authority

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