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IBC - Highlights / Catch Notes

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Dismissal of Section 9 Petition on the ground that the ...

Insolvency and Bankruptcy

September 20, 2023

Dismissal of Section 9 Petition on the ground that the ‘Settlement Agreement’ was anti-dated, unstamped and unregistered - Operational creditors - Even if the Settlement Agreement is taken into consideration, this ‘Tribunal’ is of the earnest view that the claims arising under the ‘MOU’ lost the character of ‘Operational Debt’ and became a debt simpliciter. - AT

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