https://www.taxtmi.com/caselaws?id=394403 An acknowledged operational debt, supported by invoices, ledger entries and contemporaneous correspondence, was held to be within limitation; the debtor's alleged quality dispute lacked plausible supporting material and did not create a pre-existing dispute, so the section 9 application was maintainable. The objection based on sections 16G and 16M of the Tea Act, 1953 was also rejected, and the insolvency petition was admitted despite the contention that prior Central Government permission was required. The corporate insolvency resolution process was directed to commence, moratorium followed, and an interim resolution professional was appointed. en-us Wed, 18 Dec 2019 00:00:00 +0530 Sat, 11 Apr 2020 10:50:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394403 An acknowledged operational debt, supported by invoices, ledger entries and contemporaneous correspondence, was held to be within limitation; the debtor's alleged quality dispute lacked plausible supporting material and did not create a pre-existing dispute, so the section 9 application was maintainable. The objection based on sections 16G and 16M of the Tea Act, 1953 was also rejected, and the insolvency petition was admitted despite the contention that prior Central Government permission was required. The corporate insolvency resolution process was directed to commence, moratorium followed, and an interim resolution professional was appointed. Case-Laws Insolvency and Bankruptcy Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394403