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Intervenors Seek Withdrawal Without Pending Demand Notice; Emphasize Revival Over Debt Recovery Under Insolvency Code Section 8.

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....Seeking withdrawal of admitted application - It is not the case of the Intervenors that Demand Notice under Section 8 is pending. It is only their case that money is due. Before Constitution of Committee of Creditors mere filing of a ‘Claim’ does not constitute default per se - the prime objective of the Code is not recovery, but revival - AT....

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