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NCLT rightly rejected petition u/s 9 due to pre-existing dispute : NCLT

October 14, 2020[2020] 119 411 (NCL-AT)

IBC : Where operational creditor failed to supply agreed amount of coal and corporate debtor purchased same from third party and issued a debit note for non-supply, petition for initiation of corporate insolvency resolution process was rightly rejected by NCLT on ground of pre­-existing dispute

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