https://www.taxtmi.com/caselaws?id=406184 An application under Section 9 of the Insolvency and Bankruptcy Code was found maintainable and within limitation because it was based on recent invoices, a demand notice had been issued and received, and the filing satisfied the applicable threshold. Operational debt and default were proved through invoices, account statements and the demand notice, while the corporate debtor's admissions and business difficulties did not establish any pre-existing dispute. On that basis, the petition was admitted, the corporate insolvency resolution process was initiated, moratorium under Section 14 was ordered, public announcement was directed, and an interim resolution professional was appointed. en-us Wed, 31 Mar 2021 00:00:00 +0530 Thu, 08 Apr 2021 09:40:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406184 An application under Section 9 of the Insolvency and Bankruptcy Code was found maintainable and within limitation because it was based on recent invoices, a demand notice had been issued and received, and the filing satisfied the applicable threshold. Operational debt and default were proved through invoices, account statements and the demand notice, while the corporate debtor's admissions and business difficulties did not establish any pre-existing dispute. On that basis, the petition was admitted, the corporate insolvency resolution process was initiated, moratorium under Section 14 was ordered, public announcement was directed, and an interim resolution professional was appointed. Case-Laws Insolvency and Bankruptcy Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406184