https://www.taxtmi.com/caselaws?id=351067 A section 9 application under the Insolvency and Bankruptcy Code was treated as not maintainable because a pre-existing dispute existed over the claimed operational debt. Correspondence and meetings between the parties concerning the pending tax liability and settlement of dues showed that the controversy arose before the demand notice. Applying the principle that a real and plausible dispute is enough to bar admission, and that the adjudicating authority does not assess the merits of the underlying claim at this stage, the claimed amount could not be regarded as an admitted operational debt. en-us Tue, 17 Oct 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351067 A section 9 application under the Insolvency and Bankruptcy Code was treated as not maintainable because a pre-existing dispute existed over the claimed operational debt. Correspondence and meetings between the parties concerning the pending tax liability and settlement of dues showed that the controversy arose before the demand notice. Applying the principle that a real and plausible dispute is enough to bar admission, and that the adjudicating authority does not assess the merits of the underlying claim at this stage, the claimed amount could not be regarded as an admitted operational debt. Case-Laws Insolvency and Bankruptcy Tue, 17 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351067