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Plea of pre-existing dispute filed in response to a demand notice had no merit, CIRP admitted

June 22, 2020[2020] 117 224 (NCLT - New Delhi)

IBC : When there was an admission by corporate debtor to do payment towards supply of polymers by operational creditor in response to demand notice and only after filing of CIRP petition, it sought to raise a dispute regarding quality of material supplied, there was no merit in dispute and CIRP petition was admitted

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