https://www.taxtmi.com/caselaws?id=391612 Lease rent for immovable property is not, by itself, an operational debt under the Insolvency and Bankruptcy Code because it does not arise from goods or services within Section 5(21). The landlord was therefore not treated as an operational creditor for a Section 9 insolvency petition. The record also showed a genuine pre-existing dispute on rent enhancement before the demand notice, supported by prior correspondence and a notice to vacate. Applying the Mobilox standard, that dispute was neither spurious nor illusory, so the Section 9 petition was not maintainable and the admission order could not stand. en-us Fri, 17 Jan 2020 00:00:00 +0530 Mon, 03 Feb 2020 11:27:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391612 Lease rent for immovable property is not, by itself, an operational debt under the Insolvency and Bankruptcy Code because it does not arise from goods or services within Section 5(21). The landlord was therefore not treated as an operational creditor for a Section 9 insolvency petition. The record also showed a genuine pre-existing dispute on rent enhancement before the demand notice, supported by prior correspondence and a notice to vacate. Applying the Mobilox standard, that dispute was neither spurious nor illusory, so the Section 9 petition was not maintainable and the admission order could not stand. Case-Laws Insolvency and Bankruptcy Fri, 17 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391612