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2021 (2) TMI 1235 - AT - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Coporate Debtor failed to make repayment of its dues - financial creditors - financial debt or not - default as alleged, was below the threshold limit of ₹ 1 Crore notified in terms of Notification dated 24th March, 2020 or not - revocation of shares allotted to Appellant whereas the time value of money does not apply to the revocation of shares - HELD THAT:- Let learned counsel for the Respondents file their reply affidavits along with vakalatnamas within two weeks. Rejoinder thereto, if any, may be filed by the Appellant within two weeks thereof. Short written submissions, not exceeding three pages, supported by compilation of relevant judgments may also be filed along with the pleadings. Post the matter ‘for admission (after notice)’ on 26th March, 2021.
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