https://www.taxtmi.com/caselaws?id=362765 A claim arising from supply of goods was treated as an operational debt under the Insolvency and Bankruptcy Code, 2016, and the section 9 petition remained maintainable despite objections based on an MSME award and pending execution proceedings, because recovery under the MSME regime operates in a different sphere from insolvency initiation. The Tribunal also found the section 9 admission requirements satisfied: demand notice was served, the petition was filed in the prescribed form after the statutory period, the supporting affidavit and bank certificate were furnished, no valid notice of dispute was received, and the proposed interim resolution professional was eligible. The petition was admitted and CIRP commenced with moratorium. en-us Thu, 31 May 2018 00:00:00 +0530 Tue, 03 Jul 2018 07:23:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362765 A claim arising from supply of goods was treated as an operational debt under the Insolvency and Bankruptcy Code, 2016, and the section 9 petition remained maintainable despite objections based on an MSME award and pending execution proceedings, because recovery under the MSME regime operates in a different sphere from insolvency initiation. The Tribunal also found the section 9 admission requirements satisfied: demand notice was served, the petition was filed in the prescribed form after the statutory period, the supporting affidavit and bank certificate were furnished, no valid notice of dispute was received, and the proposed interim resolution professional was eligible. The petition was admitted and CIRP commenced with moratorium. Case-Laws Insolvency and Bankruptcy Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362765