https://www.taxtmi.com/caselaws?id=375944 A section 9 insolvency application was treated as non-maintainable where the principal debt was paid during pendency and the only surviving claim was disputed statutory interest under the MSME law. The adjudicating authority applied the principle that a real, plausible pre-existing dispute bars admission under the Insolvency and Bankruptcy Code. It also noted that the debtor's challenge to the creditor's MSME registration and related interest entitlement raised issues that could not be decided in insolvency proceedings like a civil suit. The application was therefore not admissible. en-us Mon, 14 Jan 2019 00:00:00 +0530 Thu, 28 Feb 2019 06:59:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375944 A section 9 insolvency application was treated as non-maintainable where the principal debt was paid during pendency and the only surviving claim was disputed statutory interest under the MSME law. The adjudicating authority applied the principle that a real, plausible pre-existing dispute bars admission under the Insolvency and Bankruptcy Code. It also noted that the debtor's challenge to the creditor's MSME registration and related interest entitlement raised issues that could not be decided in insolvency proceedings like a civil suit. The application was therefore not admissible. Case-Laws Insolvency and Bankruptcy Mon, 14 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375944