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CIRP dismissed as corporate debtor denied its liability to pay and criminal case was pending between parties

February 14, 2020[2020] 113 475 (NCLT - CUTTACK)

IBC : Where corporate debtor denied that any amount was due to operational creditor and criminal case was pending between corporate debtor and operational creditor, CIRP application was to be dismissed as there was ongoing pre-existing dispute between both parties

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