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IBC - Highlights / Catch Notes

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Initiation of CIRP - existence of pre-existing dispute or not - ...

Insolvency and Bankruptcy

December 1, 2022

Initiation of CIRP - existence of pre-existing dispute or not - The emails relied upon the Adjudicating Authority are not directed to raise a pre-existing dispute rather the said emails are exchanged by the parties regarding the improvement in the operation and sales and has nothing to do with the goods which are now alleged to be substandard or defective. - NCLT wrongly rejected the application - AT

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