https://www.taxtmi.com/caselaws?id=291889 A section 9 insolvency application is barred where a real and plausible pre-existing dispute concerning the debt existed before the demand notice. The text explains that the claim arose from gratuity-related labour and settlement , and the record already contained proceedings challenging the effect and binding nature of the settlement. Applying the definition of dispute under section 5(6) of the Insolvency and Bankruptcy Code, 2016, the controversy was treated as more than a spurious or hypothetical objection. Because the dispute pre-dated receipt of the demand notice, the operational creditor's petition was found not maintainable. en-us Wed, 11 Dec 2019 00:00:00 +0530 Sat, 28 Nov 2020 09:16:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291889 A section 9 insolvency application is barred where a real and plausible pre-existing dispute concerning the debt existed before the demand notice. The text explains that the claim arose from gratuity-related labour and settlement , and the record already contained proceedings challenging the effect and binding nature of the settlement. Applying the definition of dispute under section 5(6) of the Insolvency and Bankruptcy Code, 2016, the controversy was treated as more than a spurious or hypothetical objection. Because the dispute pre-dated receipt of the demand notice, the operational creditor's petition was found not maintainable. Case-Laws Insolvency and Bankruptcy Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291889