https://www.taxtmi.com/caselaws?id=346517 A Section 9 application under the Insolvency and Bankruptcy Code was found admissible where supply of goods under purchase orders and invoices, together with the debtor's acknowledgment, established an operational debt and operational creditor relationship. Service of the Section 8 demand notice was proved, no pre-existing dispute was raised, and the application was complete on the material before the tribunal. On that basis, the application was admitted, corporate insolvency resolution process was initiated, and moratorium under Section 14 followed, with further steps for public announcement and appointment of an interim resolution professional to proceed under the Code. en-us Thu, 20 Jul 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346517 A Section 9 application under the Insolvency and Bankruptcy Code was found admissible where supply of goods under purchase orders and invoices, together with the debtor's acknowledgment, established an operational debt and operational creditor relationship. Service of the Section 8 demand notice was proved, no pre-existing dispute was raised, and the application was complete on the material before the tribunal. On that basis, the application was admitted, corporate insolvency resolution process was initiated, and moratorium under Section 14 followed, with further steps for public announcement and appointment of an interim resolution professional to proceed under the Code. Case-Laws Insolvency and Bankruptcy Thu, 20 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346517