TMI Blog2021 (3) TMI 1247X X X X Extracts X X X X X X X X Extracts X X X X ..... as liaising with the Corporate Debtor. There also appears to be various meetings and discussions between the Applicant and the Respondent herein. Since there is pre-existing dispute between the parties prior to filing this application, this application is not admitted by this Adjudicating Authority. From the legal notice, reply notice and the oral submissions made by the Counsel for the Applicant, it is clear that there is pre-existing dispute between the parties. The details of transactions cannot be concluded in a summary proceedings since there is also fraudulent criminal allegations involved in these transactions. Application dismissed. - IBA/61/2020 - - - Dated:- 4-3-2021 - R. SUCHARITHA, MEMBER (JUDICIAL) AND B. ANIL KUMAR, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2,037 3819008241 11/10/2018 6,69,652 3819008247 11/10/2018 12,99,068 3819008467 23/10/2018 15,34,655 3819009427 21/11/2018 11,18,516 3. The Corporate Debtor ought to have sold the above mentioned licenses and transferred the sale consideration to the Operational Creditor. The Applicant states that the payment towards the sale of the above mentioned licenses were not paid into the account of the Operational Creditor. Admittedly, the amount has been transferred to the personal account of the Operational Creditors ex- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... C was filed subsequent to the legal notice and the reply notice i.e. on 30.12.2019. In support of the claim, the Applicant has also enclosed the bank account statement to satisfy this Adjudicating Authority that no payment was received into the account of the Corporate Debtor. However, since there is pre-existing dispute between the parties prior to filing this application, this application is not admitted by this Adjudicating Authority. From the legal notice, reply notice and the oral submissions made by the Counsel for the Applicant, it is clear that there is pre-existing dispute between the parties. The details of transactions cannot be concluded in a summary proceedings since there is also fraudulent criminal allegations involved in the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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