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Invoking arbitration clause after receipt of demand notice can't constitute pre-existing dispute to bar CIRP plea

December 10, 2019[2020] 113 543 (NCLT - Mum.)

IBC : Where no notice of dispute was raised upon demand notice, and arbitration clause was invoked after receipt of demand notice, defence of corporate debtor that there was pre-existing dispute could not be sustained, and CIRP application by operational creditor was to be admitted

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