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    <description>The Tribunal dismissed the application under section 9 of the Insolvency and Bankruptcy Code, 2016, due to the presence of a pre-existing dispute between the parties before the demand notice and the claim being time-barred. The respondent&#039;s allegations of losses stemming from delayed deliveries, coupled with the issuance of the demand notice beyond the limitation period, led to the rejection of the application. The Tribunal emphasized the necessity for a genuine dispute and rejected the applicant&#039;s arguments, ultimately ruling in favor of the respondent.</description>
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