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    <title>2020 (4) TMI 504 - NATIONAL COMPANY LAW TRIBUNAL, CHENNAI</title>
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    <description>For a section 9 application under the Insolvency and Bankruptcy Code, a pre-existing dispute must be shown to have existed before receipt of the demand notice; a dispute arising only after the notice or after filing cannot defeat admission. The text also states that where the claim is within the three-year limitation period, the debt meets the statutory threshold, default is documented, and liability is admitted in correspondence, the operational creditor&#039;s application satisfies the admission requirements. On that basis, the application was admitted, the corporate insolvency resolution process commenced, and moratorium followed.</description>
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      <description>For a section 9 application under the Insolvency and Bankruptcy Code, a pre-existing dispute must be shown to have existed before receipt of the demand notice; a dispute arising only after the notice or after filing cannot defeat admission. The text also states that where the claim is within the three-year limitation period, the debt meets the statutory threshold, default is documented, and liability is admitted in correspondence, the operational creditor&#039;s application satisfies the admission requirements. On that basis, the application was admitted, the corporate insolvency resolution process commenced, and moratorium followed.</description>
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