https://www.taxtmi.com/caselaws?id=394598 A section 9 IBC petition was found maintainable where the operational creditor supported the claim with purchase orders, invoices, ledger entries and a balance confirmation, establishing an operational debt and default. Because the corporate debtor filed no objections despite repeated opportunities and raised no pre-existing dispute before the demand notice, the statutory requirements for admission under section 9(5)(i) were treated as satisfied. The petition was therefore admitted, corporate insolvency resolution process commenced, an interim resolution professional was appointed, and moratorium was declared. en-us Wed, 11 Dec 2019 00:00:00 +0530 Sat, 18 Apr 2020 14:12:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394598 A section 9 IBC petition was found maintainable where the operational creditor supported the claim with purchase orders, invoices, ledger entries and a balance confirmation, establishing an operational debt and default. Because the corporate debtor filed no objections despite repeated opportunities and raised no pre-existing dispute before the demand notice, the statutory requirements for admission under section 9(5)(i) were treated as satisfied. The petition was therefore admitted, corporate insolvency resolution process commenced, an interim resolution professional was appointed, and moratorium was declared. Case-Laws Insolvency and Bankruptcy Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394598