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ā¢ The NCLT has rejected a petition filed by an operational creditor seeking to initiate bankruptcy proceedings against Dilip Buildcon.
ā¢ The construction company argued that the application was not maintainable as there was already a dispute between the two sides over the claim raised by the applicant at the NCLT.
ā¢ The NCLT only adjudicates based on admitted dues and cannot be made to conduct the proceedings by way of a detailed trial to ascertain the amount of debt claimed.