https://www.taxtmi.com/caselaws?id=275999 An application by an operational creditor under section 9 of the Insolvency and Bankruptcy Code is not maintainable where a pre-existing dispute is shown and the statutory admission conditions are not met. The Tribunal examined the record under section 9(5) and found a long-standing dispute over the claim, including earlier adjudications and orders covering a substantial part of it. Because the matter was not a straightforward case of unpaid operational debt, the statutory bar against admission applied, and contested questions of debt and default could not be decided in summary insolvency proceedings. The petition was therefore rejected as disputed and unfit for admission. en-us Mon, 09 Apr 2018 00:00:00 +0530 Thu, 25 Oct 2018 08:09:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275999 An application by an operational creditor under section 9 of the Insolvency and Bankruptcy Code is not maintainable where a pre-existing dispute is shown and the statutory admission conditions are not met. The Tribunal examined the record under section 9(5) and found a long-standing dispute over the claim, including earlier adjudications and orders covering a substantial part of it. Because the matter was not a straightforward case of unpaid operational debt, the statutory bar against admission applied, and contested questions of debt and default could not be decided in summary insolvency proceedings. The petition was therefore rejected as disputed and unfit for admission. Case-Laws Companies Law Mon, 09 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275999