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CIRP plea rejected as civil suit was already filed against corporate debtor regarding supply of defective goods

October 12, 2020[2020] 120 69 (NCLT - Hyd.)

IBC : Where operational creditor had already filed a civil suit against corporate debtor in respect of repayment of amount towards defective goods supplied by corporate debtor, it amounted to pre-existing dispute and as such CIRP application was to be rejected

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