https://www.taxtmi.com/caselaws?id=394866 NBFC status not disclosed during a securities trading transaction did not prevent treatment of the respondent as a corporate debtor where it contracted as a private company. An operational creditor's section 9 IBC application was therefore maintainable. Interim-relief proceedings under section 9 of the Arbitration and Conciliation Act, without commenced arbitration or evidence of a genuine dispute, did not establish a pre-existing dispute. Unsupported counterclaims and a feeble defence could not displace the operational debt. The insolvency petition was admitted, CIRP commenced, a moratorium took effect, and an interim resolution professional was appointed. en-us Fri, 14 Feb 2020 00:00:00 +0530 Tue, 28 Apr 2020 13:13:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394866 NBFC status not disclosed during a securities trading transaction did not prevent treatment of the respondent as a corporate debtor where it contracted as a private company. An operational creditor's section 9 IBC application was therefore maintainable. Interim-relief proceedings under section 9 of the Arbitration and Conciliation Act, without commenced arbitration or evidence of a genuine dispute, did not establish a pre-existing dispute. Unsupported counterclaims and a feeble defence could not displace the operational debt. The insolvency petition was admitted, CIRP commenced, a moratorium took effect, and an interim resolution professional was appointed. Case-Laws Insolvency and Bankruptcy Fri, 14 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394866