TMI Blog2018 (7) TMI 2290X X X X Extracts X X X X X X X X Extracts X X X X ..... btor defaulted in payment of debt to the Financial Creditor . The application being complete, it is held that the Adjudicating Authority rightly admitted the application. There are no ground to interfere with the impugned order dated 12th March, 2018 - appeal dismissed. - Company Appeal (AT) (Insolvency) No. 166 of 2018 - - - Dated:- 31-7-2018 - JUSTICE S.J. MUKHOPADHAYA, CHAIRPERSON AND ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s Asbestos and Paints Limited - ( Corporate Debtor ). 2. Learned Senior Counsel appearing on behalf of the Appellant submitted that there was an existence of dispute between the Corporate Debtor and the Financial Creditor and the matter was referred for Arbitration. But no such ground can be taken for opposing an application under Section 7, though such ground can be taken if application wo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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