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2020 (1) TMI 1545 - NATIONAL COMPANY LAW TRIBUNAL, AHMEDABAD BENCHMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Operational Creditors - existence of debt and dispute or not - HELD THAT:- On perusal of the records it is found that the operational creditor failed to complete the work within the stipulated period. On the basis of material available on record the Adjudicating Authority is of the considered view that the application is not maintainable on the ground that there is/was a pre-existing dispute prior to issuance of demand notice under section 8 of the I & B Code. The instant application stands dismissed as not maintainable.
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