https://www.taxtmi.com/caselaws?id=399704 Admission of an operational creditor's Section 9 Insolvency and Bankruptcy Code application depends on a valid demand notice, an unpaid operational debt above the threshold, and the absence of any pre-existing bona fide dispute before notice. The tribunal treated the last invoice date as the date of default, found the filing within limitation under Article 137 of the Limitation Act, and rejected the limitation objection. It also held that a mere dispute over quantity or quantum, without supporting material, pending proceedings, or other evidence of a prior bona fide dispute, does not bar admission. The demand notice and invoices were found compliant, so the insolvency process could be commenced. en-us Thu, 23 Jan 2020 00:00:00 +0530 Sat, 13 Mar 2021 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399704 Admission of an operational creditor's Section 9 Insolvency and Bankruptcy Code application depends on a valid demand notice, an unpaid operational debt above the threshold, and the absence of any pre-existing bona fide dispute before notice. The tribunal treated the last invoice date as the date of default, found the filing within limitation under Article 137 of the Limitation Act, and rejected the limitation objection. It also held that a mere dispute over quantity or quantum, without supporting material, pending proceedings, or other evidence of a prior bona fide dispute, does not bar admission. The demand notice and invoices were found compliant, so the insolvency process could be commenced. Case-Laws Insolvency and Bankruptcy Thu, 23 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399704