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Plea of collusion in initiation of proceeding under IBC to be decided by Adjudicating Authority: SC

March 18, 2020[2020] 115 311 (SC)

IBC : Where an application filed under section 7 was admitted by NCLT and NCLAT by impugned order had dismissed appeal, appellant's plea of collusion in initiation of proceedings could not have been raised for first time in appeal before NCLAT or before Supreme Court in instant appeal and appellant was to be relegated to remedy before Adjudicating Authority (NCLT)

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