https://www.taxtmi.com/caselaws?id=405984 An operational debt arising from supply and installation work was supported by invoice records, TDS deduction, and a written acknowledgment of dues promising payment, so the later objections on defective performance and non-certification of bills did not establish a genuine pre-existing dispute. The tribunal treated the claim as within limitation because the acknowledgment of liability displaced the debtor's limitation objection on the facts. A section 9 application was therefore maintainable and was admitted, with commencement of corporate insolvency resolution process, appointment of an interim resolution professional, and declaration of moratorium. en-us Mon, 15 Mar 2021 00:00:00 +0530 Sat, 03 Apr 2021 08:43:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405984 An operational debt arising from supply and installation work was supported by invoice records, TDS deduction, and a written acknowledgment of dues promising payment, so the later objections on defective performance and non-certification of bills did not establish a genuine pre-existing dispute. The tribunal treated the claim as within limitation because the acknowledgment of liability displaced the debtor's limitation objection on the facts. A section 9 application was therefore maintainable and was admitted, with commencement of corporate insolvency resolution process, appointment of an interim resolution professional, and declaration of moratorium. Case-Laws Insolvency and Bankruptcy Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405984