https://www.taxtmi.com/caselaws?id=293257 An application under section 9 of the Insolvency and Bankruptcy Code was found complete because invoices, delivery proof, payment records and follow-up emails showed supply of goods, receipt by the corporate debtor and outstanding operational debt. The asserted pre-existing dispute was rejected because no contemporaneous objection on quality, rejection or non-acceptance appeared in the demand notice reply; a belated denial was treated as spurious, and goods retained without timely rejection were treated as accepted under the sale-on-approval principle. Limitation was also found not to bar the claim. The application was admitted, moratorium was ordered, and an interim resolution professional was appointed. en-us Mon, 17 Feb 2020 00:00:00 +0530 Tue, 02 Feb 2021 14:02:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293257 An application under section 9 of the Insolvency and Bankruptcy Code was found complete because invoices, delivery proof, payment records and follow-up emails showed supply of goods, receipt by the corporate debtor and outstanding operational debt. The asserted pre-existing dispute was rejected because no contemporaneous objection on quality, rejection or non-acceptance appeared in the demand notice reply; a belated denial was treated as spurious, and goods retained without timely rejection were treated as accepted under the sale-on-approval principle. Limitation was also found not to bar the claim. The application was admitted, moratorium was ordered, and an interim resolution professional was appointed. Case-Laws Insolvency and Bankruptcy Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293257