https://www.taxtmi.com/article/detailed?id=9657 An operational debt under the Code exists only where a claim qualifies as a claim and debt and arises from provision of goods or services or statutory dues; operational creditors must serve a demand notice or invoice and file Form 5 with supporting documents if no payment or notice of dispute is received within ten days. The Adjudicating Authority must admit or reject applications within fourteen days, and may reject where delivery of notice/invoice is not proved, where no jural relationship or supply occurred, where a power of attorney application is not maintainable, where the claim enforces non-operational obligations, or where a pre-existing dispute or time bar exists. en-us Mon, 01 Feb 2021 18:20:53 +0530 Mon, 01 Feb 2021 18:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9657 An operational debt under the Code exists only where a claim qualifies as a claim and debt and arises from provision of goods or services or statutory dues; operational creditors must serve a demand notice or invoice and file Form 5 with supporting documents if no payment or notice of dispute is received within ten days. The Adjudicating Authority must admit or reject applications within fourteen days, and may reject where delivery of notice/invoice is not proved, where no jural relationship or supply occurred, where a power of attorney application is not maintainable, where the claim enforces non-operational obligations, or where a pre-existing dispute or time bar exists. Articles Corporate Laws / IBC / SEBI Mon, 01 Feb 2021 18:20:53 +0530 https://www.taxtmi.com/article/detailed?id=9657