https://www.taxtmi.com/article/detailed?id=7586 A contested claim over the existence of the amount of debt raised before an operational creditor's demand notice bars initiation of the corporate insolvency resolution process. The corporate debtor must notify any pre existing dispute within ten days of the demand or produce payment evidence; suits, arbitration or other bona fide pre notice objections about debt existence, service quality, or breach of warranty qualify as disputes preventing insolvency proceedings until resolved by the competent forum. en-us Thu, 31 Aug 2017 07:05:48 +0530 Thu, 31 Aug 2017 07:05:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7586 A contested claim over the existence of the amount of debt raised before an operational creditor's demand notice bars initiation of the corporate insolvency resolution process. The corporate debtor must notify any pre existing dispute within ten days of the demand or produce payment evidence; suits, arbitration or other bona fide pre notice objections about debt existence, service quality, or breach of warranty qualify as disputes preventing insolvency proceedings until resolved by the competent forum. Articles Corporate Laws / IBC / SEBI Thu, 31 Aug 2017 07:05:48 +0530 https://www.taxtmi.com/article/detailed?id=7586