https://www.taxtmi.com/article/detailed?id=7880 Existence of a genuine dispute over an operational debt prevents an operational creditor from initiating corporate insolvency. The operational creditor must deliver a valid demand notice and, absent payment or a qualifying notice of dispute within ten days, may apply. The Adjudicating Authority must examine whether the dispute predates the demand and is supported by sufficient particulars or pending proceedings; if so, the application should be rejected, whereas vague or post-notice disputes do not ordinarily bar admission. en-us Wed, 14 Feb 2018 08:59:57 +0530 Tue, 11 Jan 2022 17:25:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7880 Existence of a genuine dispute over an operational debt prevents an operational creditor from initiating corporate insolvency. The operational creditor must deliver a valid demand notice and, absent payment or a qualifying notice of dispute within ten days, may apply. The Adjudicating Authority must examine whether the dispute predates the demand and is supported by sufficient particulars or pending proceedings; if so, the application should be rejected, whereas vague or post-notice disputes do not ordinarily bar admission. Articles Corporate Laws / IBC / SEBI Wed, 14 Feb 2018 08:59:57 +0530 https://www.taxtmi.com/article/detailed?id=7880