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Order passed by AA rejecting CIRP plea couldn’t be interfered with due to pre-existence of dispute of serious nature

July 10, 2020[2020] 117 561 (NCL-AT)

IBC: Where prior to issuance of Demand Notice by operational creditor, in view of Section 9(5)(ii)(d), there was a record of dispute existing between parties which was serious in nature and could not be adjudicated in a summary proceeding, order passed by Adjudicating Authority rejecting CIRP application, could not be interfere with

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