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2022 (9) TMI 913 - AT - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Financial Creditor or not - Financial Debt or not - amount was transferred to the personal account of the intermediary as well as the personal account of the directors but failed to establish that the amount was given to the corporate debtor - restraint from selling or alienating any third party rights on the assets till the disposal of the Appeal - Section 5(8) (a) to (i) of the IBC - HELD THAT:- Limited protection till the next date of hearing, be granted to the Appellant in the interest of justice. Hence, status quo is directed to be maintained on the subject property in the instant matter till the next date of hearing.
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