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2020 (2) TMI 1594 - NATIONAL COMPANY LAW TRIBUNAL, PRINCIPAL BENCH, NEW DELHIMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - secured financial creditor or not - HELD THAT:- On perusal of this application, it appears this bank advanced loan to the home buyers of the corporate debtor. In view of it, now the bank is asking this Bench to pass an order declaring him a secured financial creditor of the corporate debtor and also to allow him to sit in the CoC. This bank cannot be called as a creditor to the corporate debtor because the loans are given to the home buyers of the corporate debtor - there are no merit in this application, hence dismissed.
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