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Insolvency plea couldn’t be rejected over claims disputed after issuance of demand notice: NCLAT

July 29, 2019[2019] 107 403 (NCL-AT)

IBC: In absence of existence of a dispute between parties or record of pendency of a suit or arbitration proceeding filed before receipt of demand notice of unpaid 'operational debt', corporate debtor having defaulted to pay more than Rs. 1 Lakh, application filed under section 9 was to be admitted

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