Insolvency Application u/s 7 Not Rejected Due to Pending Debt Recovery Tribunal Case if Debt and Default Exist.

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....Application u/s 7 of the I&B Code - Mere pendency of the case before the DRT for adjudicating of such disputed amount cannot be a ground to reject the application u/s 7 of the I&B Code, if the Adjudicating Authority is satisfied that there is a ‘debt’ and ‘default’ and the application is complete.....