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2019 (1) TMI 1802 - AT - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Operational Creditor or not - any goods or services not supplied - HELD THAT:- The respondent submitted that the work order was a joint venture for which the respondent also invested 50% money and 50% of the same was payable to the ‘corporate debtor’. If that be so and we accept, as suggested by the learned counsel for the appellant that the respondent invested an amount for the joint ventur,e then in that case the respondent can claim as the ‘financial creditor’ and not as ‘operational creditor’. The respondent is not an ‘operational creditor’, and, therefore, the application under Section 9 was not maintainable.
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