https://www.taxtmi.com/caselaws?id=342141 For applications by operational creditors under sections 5(6), 8 and 9 of the Insolvency and Bankruptcy Code, a dispute must pre-exist receipt of the demand notice and be evidenced by pending suit or arbitration proceedings. A bare denial in reply, or litigation initiated after the notice, does not meet that requirement. Authority under powers of attorney to demand dues and commence legal proceedings can support insolvency proceedings. Assignment of receivables may preserve locus without separate debtor confirmation. Debt arising from supply of goods remains operational debt despite interest claimed for delayed payment. en-us Mon, 10 Apr 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342141 For applications by operational creditors under sections 5(6), 8 and 9 of the Insolvency and Bankruptcy Code, a dispute must pre-exist receipt of the demand notice and be evidenced by pending suit or arbitration proceedings. A bare denial in reply, or litigation initiated after the notice, does not meet that requirement. Authority under powers of attorney to demand dues and commence legal proceedings can support insolvency proceedings. Assignment of receivables may preserve locus without separate debtor confirmation. Debt arising from supply of goods remains operational debt despite interest claimed for delayed payment. Case-Laws Insolvency and Bankruptcy Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342141