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Judicial Member: IBC Sections 7, 8, 9 Cannot Initiate Recovery Against President; Technical Member Disagrees.

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....CIRP Application against the government company - member judicial has taken a view that, if upon filing of an Application under Sections 7, 8 and 9, and the same were to be admitted, recovery proceedings then would be said to have been initiated against the President of India, which cannot be allowed under the procedure of IBC. - however member technical has taken a different view.....

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