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2019 (7) TMI 578 - AT - Insolvency and BankruptcyAdmissibility of petition - Appellant submitted that ‘Securities and Exchange Board of India’ having already taken action against the ‘Corporate Debtor’, the application under Section 7 was not maintainable - whether contesting Respondent is ‘Financial Creditor’ or not - Section 7 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The application under Section 7 is maintainable and till the period of ‘Moratorium’ continues, the ‘Securities and Exchange Board of India’ cannot recover any amount nor can sell the assets of the ‘Corporate Debtor’ during the ‘Moratorium’ period.
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