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2020 (8) TMI 790 - AT - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - existence of dispute - whether the Corporate Debtor has raised a plausible dispute before Service of Notice dated 11.05.2018 under Section 8 of I&B Code? HELD THAT:- Admittedly, the Corporate Debtor has not replied statutory notice dated 11.05.2018. Thus, from the correspondence it cannot be inferred that the Corporate Debtor has raised any plausible dispute. The Corporate Debtor has raised the dispute that the sum of ₹ 2,75,00,000/- has wrongly been adjusted towards the interest. There is no such dispute raised before statutory notice. The Dispute raised in reply to the Application does not require any investigation and such dispute is a patently feeble legal argument and not supported by any evidence. The impugned order does not require any interference by this Appellant Tribunal - Appeal dismissed.
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