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    <title>2023 (2) TMI 240 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHI</title>
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    <description>The Company Petition under Section 7 of the Insolvency and Bankruptcy Code was dismissed by the Tribunal as the Corporate Debtor was deemed financially viable with pending claims to cover the debt. The appeal filed by the Insolvency and Bankruptcy Board of India challenging the order was dismissed for lack of standing and genuine grievance, as the Board was not directly involved in the dispute between the Financial Creditor and the Corporate Debtor.</description>
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      <description>The Company Petition under Section 7 of the Insolvency and Bankruptcy Code was dismissed by the Tribunal as the Corporate Debtor was deemed financially viable with pending claims to cover the debt. The appeal filed by the Insolvency and Bankruptcy Board of India challenging the order was dismissed for lack of standing and genuine grievance, as the Board was not directly involved in the dispute between the Financial Creditor and the Corporate Debtor.</description>
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