CIRP Application Admitted; Cheque Security Argument Irrelevant, Appeal Dismissed Due to Ongoing Section 138 Proceedings.

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....Admission of Section 9 application - CIRP - Insofar as the submission that the cheques which were submitted in the Bank by the Operational Creditor were security cheques, these are the issues which need not be adverted to the present proceedings. Section 138 proceedings have already been initiated and that can be looked into in the said proceedings. - Appeal dismissed - AT....