https://www.taxtmi.com/caselaws?id=399087 A section 9 insolvency petition was held not maintainable where the operational debt was internally inconsistent on invoices, date of default and quantification, and the claim was driven largely by interest unsupported by contract. The tribunal also treated the creditor's failure to disclose MSME status in the demand notice as suppression of a material fact. On these facts, the petition did not present a clear basis for triggering CIRP, and any MSME-related interest dispute was left to the Facilitation Council. en-us Tue, 28 Apr 2020 00:00:00 +0530 Sat, 03 Oct 2020 11:37:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399087 A section 9 insolvency petition was held not maintainable where the operational debt was internally inconsistent on invoices, date of default and quantification, and the claim was driven largely by interest unsupported by contract. The tribunal also treated the creditor's failure to disclose MSME status in the demand notice as suppression of a material fact. On these facts, the petition did not present a clear basis for triggering CIRP, and any MSME-related interest dispute was left to the Facilitation Council. Case-Laws Insolvency and Bankruptcy Tue, 28 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399087