Section 9 insolvency admission confirmed where unpaid debt and no qualifying pre-existing dispute were shown.

An application under Section 9 of the Insolvency and Bankruptcy Code was found complete and maintainable because the operational creditor supported the claim with invoices, demand notices, affidavit compliance and account material showing an unpaid operational debt. The corporate debtor's reply itself indicated that the principal amount remained payable, and the asserted dispute over reprocessing and alleged set-off was not treated as a qualifying pre-existing dispute. Default was therefore established, the statutory threshold was met, and the application was admitted with moratorium declared and an interim resolution professional appointed.

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Issues: Whether the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 was complete and maintainable, whether default stood established and no pre-existing dispute existed, and whether the corporate insolvency resolution process should be admitted with consequential moratorium and appointment of an interim resolution professional.

Analysis: The operational creditor produced invoices, demand notices, affidavit compliance, and account material to show an unpaid operational debt. The corporate debtor's own reply indicated that the principal amount remained payable, while the asserted dispute regarding reprocessing and alleged set-off was not accepted as a bar to admission. The application was found to satisfy the statutory requirements under the Insolvency and Bankruptcy Code, 2016, and the outstanding amount crossed the applicable threshold. The absence of any qualifying pre-existing dispute and the presence of default brought the case within the scope of Section 9.

Conclusion: The application under Section 9 was held maintainable and was admitted, with moratorium declared and an interim resolution professional appointed.

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