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NCLT has no jurisdiction to direct debtor to deposit any amount for maintenance of plea before admission of CIRP

September 4, 2020[2020] 118 taxmann.com 460 (NCL-AT)
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IBC: Before admission of application under section 7, Adjudicating Authority has no jurisdiction to direct corporate debtor to deposit any amount to certain corpus or with regard to maintenance which may not be a subject matter of application under section 7, it is required to take into consideration Form-1 and enclosure therein to find out default if any and to proceed in accordance with law

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