NCLT Directed to Admit CIRP Application After Finding Dispute Spurious Based on Documentary Evidence and Liability Admission.

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....Initiation of CIRP - NCLT rejected the application - It is settled law that what has to be seen is whether a dispute raised is spurious or genuine. Keeping in view the documentary evidence on record, this Tribunal is satisfied that the dispute raised is a spurious one specifically having regard to the admission of liability - NCLT directed to admit the application - AT....