https://www.taxtmi.com/caselaws?id=291701 A claim for refund of advance money under a supply arrangement was treated as outside the definition of operational debt because it did not arise from the provision of goods or services or from statutory dues. The section 9 application was also held barred by limitation, as Article 137 of the Limitation Act applied and the filing was beyond three years from the pleaded date of default, with no basis for extension or exclusion. The plea of prior dispute was rejected because the relied-on civil suit did not show a pre-existing dispute in the statutory sense, and the insolvency petition failed without initiation of CIRP. en-us Tue, 03 Dec 2019 00:00:00 +0530 Mon, 23 Nov 2020 11:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291701 A claim for refund of advance money under a supply arrangement was treated as outside the definition of operational debt because it did not arise from the provision of goods or services or from statutory dues. The section 9 application was also held barred by limitation, as Article 137 of the Limitation Act applied and the filing was beyond three years from the pleaded date of default, with no basis for extension or exclusion. The plea of prior dispute was rejected because the relied-on civil suit did not show a pre-existing dispute in the statutory sense, and the insolvency petition failed without initiation of CIRP. Case-Laws Insolvency and Bankruptcy Tue, 03 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291701