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Operational creditor could make claim from corporate debtor only after replacing defective material

November 14, 2019[2019] 110 taxmann.com 275 (NCLT-Beng.)
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IBC: Where operational creditor had assured to replace sub standard construction material supplied to corporate debtor, but failed to replace same, but it could make its claim against said supplied material only after replacing defective material, hence, instant CIRP petition of operational creditor to recover alleged outstanding amount from corporate debtor was to be dismissed

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