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6. Submission was made that the alleged dues claimed by the Appellant was barred by Section 10A of the IBC. The alleged demand of the Appellant was w.e.f. 01.03.2021 which period clearly fell during the Section 10A period. The Appellant has shown date of default as 11.10.2021 to merely overcome the Company Appeal (AT) (Insolvency) No. 1427 of 2023 Section 10A hurdle. It was also contended that the Appellant had realised more money through sale of goods and commission than the aggregate funds infused by them. Section 7 of the IBC necessitates that evidence of default has to be furnished which the Appellant has failed to provide. Since there was no proof of default, the Appellant did not enjoy the locus to file the Section 7 application. Furthermore, when the Respondent protested against the Appellant for having drawn more money than funds infused and initiated arbitration proceeding that the Appellant filed the Section 7 application. The Section 7 application was therefore a counter blast to the initiation of dispute resolution sought by the Respondent through arbitration.