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2017 (9) TMI 1877 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHIMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - dispute in existence - HELD THAT:- There is an existence of dispute with regard to supply of goods and materials. In spite of notice under section 433(e) and 434(1)(a) of the Companies Act, 1956, and receipt of reply, no steps was taken by the appellant. Much thereafter, application for initiation of 'Corporate Insolvency Resolution Process' was filed - there are no reason to interfere with the impugned order wherein the Adjudicating Authority held that there is an 'existence of dispute' Appeal dismissed.
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