https://www.taxtmi.com/caselaws?id=347678 A section 9 insolvency application is not maintainable where a real pre-existing dispute existed before the demand notice, including disputes over contract performance, bills, retention money, bank guarantees, or alleged defects already reflected in prior proceedings. In addition, initiation of corporate insolvency proceedings requires specific authority to present the petition; a general board authorisation to sign and verify documents is insufficient where it does not expressly empower the signatory to commence the insolvency process. The application therefore failed on both maintainability and authorisation grounds. en-us Wed, 09 Aug 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347678 A section 9 insolvency application is not maintainable where a real pre-existing dispute existed before the demand notice, including disputes over contract performance, bills, retention money, bank guarantees, or alleged defects already reflected in prior proceedings. In addition, initiation of corporate insolvency proceedings requires specific authority to present the petition; a general board authorisation to sign and verify documents is insufficient where it does not expressly empower the signatory to commence the insolvency process. The application therefore failed on both maintainability and authorisation grounds. Case-Laws Insolvency and Bankruptcy Wed, 09 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347678