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2020 (10) TMI 483 - NATIONAL COMPANY LAW TRIBUNAL , MUMBAI BENCHMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - existence of debt and dispute or not - HELD THAT:- This is a matter where the Operational Creditor has chosen to move this Adjudicating Authority after accepting the Letter of Intent for Allotment of the two plots of land. It is the case of the Operational Creditor that it does not know when it is likely to take possession of the said plots in view of the orders of the Hon'ble Supreme Court. That by itself cannot be a reason to move this Adjudicating Authority. Moreover, the orders of the Hon'ble Supreme Court make it clear that there cannot be any alienation of movable or immovable property in the light of the order dated 21.11.2013 passed by the Hon'ble Supreme Court. Petition rejected.
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