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Suit pending against a contractor for connivance with supplier can't be pre-existing dispute in case of CIRP

February 7, 2020[2020] 113 485 (NCLT - New Delhi)

IBC : Where corporate debtor filed suit against its contractor on allegation of fraud in connivance with supplier of construction materials but no complaint was ever made or any proceedings initiated against operational creditor, pendency of said suit against contractor could not be treated as a pre-existing dispute in case of CIRP filed by operational creditor

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