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2019 (7) TMI 965 - Tri - Insolvency and BankruptcyAdmissibility of petition - Initiation of Corporate Insolvency Resolution Process (CIRP) - Corporate Debtor - default in repayment of outstanding amount - HELD THAT:- There are several questions of facts and law are involved in the instant case. Even the amount claimed itself is not terms of Settlement Agreement in question, in which interest issue did not mention and part payment of ₹ 5 Lakhs was received, after issue of demand notice. Therefore, there is a serious disputes exists with reference to the claim made by the Petitioner. The application is not only defective as rightly claimed by the Respondent, but it is instituted with an intention to recover the alleged outstanding amount by initiating CIRP proceedings, and it is not a fit case for admission and the same is liable to be rejected. Application dismissed.
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